H&m credit rating? (2024)

H&m credit rating?

Profitability improved in the 2021 financial year to SEK 14.3bn (£1.2bn), with pre-tax margins lifting to 7.2%, but declined to SEK 6.2bn (498.7m) in FY2022 with a pre-tax margin of 2.8%. The sandbox is too restrictive and preventing correct functioning.

What is H&M's ESG rating?

What is the financial position of H&M?

Profitability improved in the 2021 financial year to SEK 14.3bn (£1.2bn), with pre-tax margins lifting to 7.2%, but declined to SEK 6.2bn (498.7m) in FY2022 with a pre-tax margin of 2.8%. The sandbox is too restrictive and preventing correct functioning.

What is the financial performance of H&M?

H & M Hennes & Mauritz AB (publ) reported earnings results for the third quarter and nine months ended August 31, 2023. For the third quarter, the company reported sales was SEK 60,897 million compared to SEK 57,450 million a year ago. Net income was SEK 3,328 million compared to SEK 531 million a year ago.

Is H&M in debt?

Total debt on the balance sheet as of August 2023 : $6.87 B

According to H&M's latest financial reports the company's total debt is $6.87 B.

Is H and M greenwashing?

Even so, plaintiffs took the position that H&M's campaign was not compliant with FTC guidance on "green" marketing because it used an unqualified General Environmental Benefit Claim that misleadingly overstated the line's positive impact on the environment.

Is H and M really sustainable?

Whilst progress has been made, it's clear H&M are not sustainable. Here's a short and simple list of reasons why: H&M remains a fast fashion retailer, churning out low quality clothes that last seasons rather than years. The majority of clothes sold still contain no or minimal eco friendly materials.

What is the H&M wage scandal?

Workers reveal poverty wages and labour law violations in H&M's supply chain. Research findings published today reveal that many workers making H&M's clothes live below the poverty line -- despite H&M's promise of a living wage by 2018, and despite the brand's recent deceptive claims of progress.

Is H&M making money?

Key figures 2022

Net Sales: 224 billion SEK, +12% vs. 2021. Cash flow: 24 billion SEK in cash flow from operating activities. Profit: 3,566 Million SEK in profit after tax.

What is the long term debt of H&M?

Hennes & Mauritz AB long term debt for the quarter ending August 31, 2023 was $4.709B, a 3.61% increase year-over-year. Hennes & Mauritz AB long term debt for 2022 was $5.91B, a 448.51% increase from 2021. Hennes & Mauritz AB long term debt for 2021 was $1.077B, a 18.53% increase from 2020.

Is H&M doing well?

Despite H&M's sales strategy, its shares have performed well this year, surpassing Inditex with a 56% increase. Investors seem optimistic about H&M's potential for recovery, especially after inflation impacted its profitability. Compared to Zara, H&M was slower in raising its prices.

What is H&M debt to equity?

Debt Level: HM B has more cash than its total debt. Reducing Debt: HM B's debt to equity ratio has reduced from 29.8% to 23.8% over the past 5 years. Debt Coverage: HM B's debt is well covered by operating cash flow (271.5%).

Is H&M a successful company?

H&M Group: Recovery After Pandemic Downturn

Despite the full impact of the pandemic from 2020 to 2021, H&M Group managed to grow again. The Group therefore increased online net sales by US$3 billion in one year to US$23.2 billion in 2021, a 14.3% recovery from the previous year.

Why is H&M declining?

H&M has been vulnerable to competition from the likes of Inditex and upstart Shein. Hennes & Mauritz AB's revenue fell as consumers pulled back on spending at H&M clothing stores and after the chain closed stores in Russia.

Who owns H&M now?

The H&M Foundation is a long-term commitment from the Stefan Persson family, the founders and main owners of the H&M Group. As a philanthropic foundation, they find, fund and facilitate disruptive innovations, initiatives and research with the vision to enable an inclusive and planet positive textile industry.

What are the negative aspects of H&M?

While this innovative approach bolstered brand visibility and efficiency, it also gave rise to a notable drawback: excessive waste. Take the production of shirts and shoes, for instance; over the past five decades, production has doubled, yet three out of four of these items end up either incinerated or in landfills.

Is H&M still unethical?

Little of its supply chain is certified by crucial labour standards that help ensure worker health and safety, living wages, and other rights. It received a score of 71-80% in the 2023 Fashion Transparency Index.

Did H&M lose the lawsuit?

Two plaintiffs dismissed a class-action lawsuit against H&M related to greenwashing on Dec. 13. Photo courtesy of H&M. Two plaintiffs have dropped the false advertising lawsuit they filed in 2022 accusing fast-fashion giant H&M of greenwashing.

Did H&M win the lawsuit?

STOCKHOLM – Fashion brand H&M has beaten off a proposed class action in the US by two shoppers who claimed the fast fashion company misled them and others about the sustainability of its 'Conscious Choice' fashion line.

Is H&M child labor?

Fast-fashion retailer H&M had apparel produced in Myanmar factories where children as young as 14 worked more than 12 hours a day, according to a new book, “Fashion Slaves,” being published in Sweden next week.

Why is H&M so cheap?

H&M was an early pioneer of fast fashion. In the 1980s, it began developing a global supply chain to make inexpensive clothes, using low-cost labor in foreign countries and cheaper materials like polyester. It's stated goal was to democratize fashion, making trendy, off-the-runway looks accessible to everyone.

Is Zara or H&M more sustainable?

H&M highlights its commitment to sustainability reporting, unlike Zara. They believe transparency fosters comparability and accountability and empowers consumers and businesses to make informed decisions.

Does H&M still use sweatshops?

We take a zero-tolerance approach to both forced labor and child labor. All suppliers working for us must sign and comply with our strict anti-forced-labor and anti-child-labor policies. In 2022, we identified 0 cases of child labor.

Does H&M exploit workers?

The research, collected through interviews with 251 factory workers in Cambodia and India, finds that despite H&M widely-publicized commitments to protections across their supply chain, there are significant gaps in their implementation, leading to persistent rights violations in their factories.

How much do H&M sweatshop workers make?

The factory workers producing Swedish clothing retailer H&M's clothes make on average SEK 750 krona ($86) per month.