Company Earnings Update 3 minutesRegister for Free AccessH&M (STO: HM-B) FY16 Results: Tough Year, but Better-Than-Expected January Sales Coresight Research February 1, 2017 Executive Summary Swedish fast-fashion retailer Hennes & Mauritz AB reported SEK192.3 billion in net sales excluding VAT in FY16, slightly below the consensus estimate of SEK192.8 billion and up 6.3% year over year. Net sales including VAT increased by 7% year over year on a constant currency basis. The company did not provide comparable stores sales growth rates. Diluted EPS was SEK11.26 for FY16, down 10.9% from SEK12.63 pence in FY16 and above the consensus estimate. The company introduced a new growth target to increase group sales by 10%–15% in constant currencies, reflecting the growing impact of the online sales contribution. The company stated that group sales including VAT in the period 1 January to 29 January 2017 increased by 11% year over year in constant currencies, above the consensus estimate of 10% year-over-year sales growth. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Consumer Sentiment Falls Further After Stock-Market Sell-Off: Weekly US Consumer Sentiment, Week 12, 2025—InfographicThree Data Points We’re Watching This Week, Week 22: US Consumer Insights—Tariffs and InflationUS Tariffs: Who Wins, Who Loses and What It Means for the EconomySeasonal Shopping, 3Q25—Expectations for the Fourth of July, Labor Day, Amazon Prime Day: US Consumer Survey Insights Extra
