H&M: robust FY 2019 results
(CercleFinance.com) - This Thursday the H&M (Hennes & Mauritz) group announced 2019 sales of 232.
76 billion Swedish kronor, i.e. 21.9 billion euros, up 11% y-o-y.
The group's gross margin came in at 52.6%, virtually the same as the 52.7% in 2018.
In addition, in Q4 alone, net sales increased by 9% to 61.7 billion Swedish kronor, i.e. 5.8 billion euros.
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