Sees FY 10% opg pft margin target as more challenging to reach (Il Sole 24 Ore Radiocor) - 27 Jun - H&M confirmed its full year 10% operating margin target but warned that conditions for achieving it this year have become more challenging as it is assessed that external factors that influence purchasing costs and sales revenues, including materials and foreign currency, will have a more negative impact than expected in the second half of the year.

"The most important prerequisite for achieving our goal is that sales growth is further strengthened in the second half of the year compared with the second quarter increase," it said.

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(RADIOCOR) 27-06-24 09:01:49 (0167) 5 NNNN