H&M profit misses estimates as dollar increases garment costs

25th June, 2015
Second quarter net income rose by 11 per cent at H&M

Hennes & Mauritz reported second-quarter profit that missed analysts’ estimates as Europe’s second-biggest clothing retailer battled with the strength of the US dollar, which raised garment costs.

Net income rose 11 per cent to 6.45 billion kronor (€699 million) in the three months through May, Stockholm-based H&M said in a statement on Thursday.

The average estimate of 13 analysts surveyed by Bloomberg was for a profit of 6.49 billion kronor. The gross...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 10 months ago

The Daily Briefing

The Daily Briefing