Hints and tips:
...H&M shares were 3 per cent lower at SKr 41.4 in Friday afternoon trading, down 21 per cent over the past year....
...Net profits came in at SKr 5.36bn, which was slightly below the SKr5.6bn forecast by analysts....
...For the full year, pre-tax profit rose 5 per cent to SKr 27.2bn. Sales, including VAT, rose 11 per cent for last year as a whole in local currencies....
...Beyond the Square Mile H&M, the Swedish fashion retailer, said sales including VAT increased by 14 per cent in its fourth quarter – from September 1 to November 30 – to SKr 56.5bn, compared to an 18 per...
...However, pre-tax profit during the period rose 11 per cent to Skr6.45bn, falling short of an average estimate of 13 analysts surveyed by Bloomberg of SKr 6.49bn....
...It is also struggling to meet its target of lifting the number of new store openings with its chief executive admitting it opened a “record low” five in 2012-13....
...But China, where it opened in 2007, is now its fastest growing market in terms of store openings. In 2012, the company made sales of SKr 5,411m in China and Hong Kong together....
...The company said the value of the group’s securities in major listed holdings increased by 24 per cent to SKr 44,767m ($6,925m) in the first half of this year....
...The dividend proposed is SKr 11.50 a share against SKr 9.50 last year....
...Shares in H&M, Europe’s second-largest clothes retailer, were SKr5 lower at SKr 311.5 in early Stockholm trading. In August, total sales rose 15 per cent while same-store revenue grew 5 per cent....
...Shares were up 4.1 per cent at 304 SKr in early trade in Stockholm....
...LAURENCE DANON, 50 Chief executive, Printemps Since 2001, Danon has overseen the French department store group Printemps, which owns 27 stores....
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