H&M reports strong rise in Q3 sales and profit

Net sales at Hennes & Mauritz AB (H&M) increased by 12 percent to 62,572 million Swedish krona (6,334,4 million dollars) in the third quarter, while net sales in the nine-month period increased by 11 percent to 171,061 million Swedish krona (17,317 million dollars). In local currencies the H&M group’s net sales increased by 8 percent in the third quarter and by 6 percent in the nine-month period. Profit for the quarter increased by 25 percent to 5,011 million Swedish krona (507 million dollars), while profit in the nine-month period increased by 6 percent to 11,988 million Swedish krona (1,213.7 million dollars).