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Wednesday, July 5, 2017

=H&M chairman Stefan Persson ups ownership stake

H&M Chairman Stefan Persson has bought 2.1 million shares in the company, taking his ownership to 40 percent in the clothes retailer, documents filed with the financial watchdog showed on Tuesday.

Persson bought 1.6 million B-shares in the company at the price of 209 Swedish crowns ($24.50) per share on 29 June, the day of quarterly report, and 520,000 B shares on July 3 for 214 crowns per share.

Stefan Persson, along with his family, now owns 468 million B-shares and 194 million A-shares in the company, representing 40 percent of the share capital and 70.9 percent of the vote.

  • H & M Hennes & Mauritz AB (STO:HM-B)
  • Div/yield 4.85/4.58

H & M Hennes & Mauritz AB is a Sweden-based company active in the clothing industry. It operates under such brand names, as H&M, H&M Home, COS, Monki, Weekday, Cheap Monday and & Other Stories. It is engaged in the design, manufacture and marketing of clothing items and related accessories. The Company’s product range comprises clothing, including underwear and sportswear, for men, women, children and teenagers, as well as cosmetic products, accessories, footwear and home textiles. The Company offers its products in a number of branded stores spread across over 40 markets. Additionally, the Company offers online and catalogue sales in Sweden, Norway, Denmark, Finland, the Netherlands, Germany, Austria and the United Kingdom, among others.

Key stats and ratios

Q2 (May '17)2016
Net profit margin11.48%9.69%
Operating margin14.89%12.39%
EBITD margin-16.55%
Return on average assets23.83%20.21%
Return on average equity40.83%31.25%

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