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Investing.com -- H&M announced Friday that its board of directors has decided to implement a share buyback program worth SEK1 billion, using the authorization granted at the company’s 2025 annual general meeting.
The Swedish fashion retailer stated that the purpose of the buyback is to transfer capital to shareholders and adjust the company’s capital structure. The program will focus on acquiring the company’s own class B shares.
In its third quarter, H&M reported that its net debt including lease liabilities in relation to EBITDA stood at 1.4 times, which falls within the company’s target range of 1.0 to 2.0 times.
The buyback program is relatively small in scale, representing approximately 0.4% of H&M’s total market capitalization.
H&M shares showed positive performance Friday, rising 0.5% amid otherwise fragile market conditions.
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