- Hennes & Mauritz ( OTCPK:HNNMY ) Q3 net sales increased by 3% to SEK 57,450M, in local currencies, net sales decreased by 4%.
- Gross margin excluding the one-time cost for Russia was 50.4% (53.2%); reported gross margin was 49% (53.2%).
- Increased raw materials and freight prices as well as a stronger US dollar resulted in substantial cost increases for purchases of goods.
- Operating profit was SEK 902M, corresponding to an operating margin of 1.6% .
- Profit after tax excluding the one-time cost for Russia was SEK 2,151M, GAAP EPS of SEK 1.30 per share. Profit after tax amounted to SEK 531M, non-GAAP EPS SEK0.32.
- SA Authors give the stock a ' Buy rating '
- Previously (Sept. 29): Hennes & Mauritz GAAP EPS of SEK0.32, revenue of SEK57.45B
For further details see:
Hennes & Mauritz topline sees a marginally rise in Q3