H&M sales up 7 percent but profit falls on strong dollar

For the first nine months to December 1, 2015 to August 31, 2016, the H&M group’s sales including VAT increased by 7 percent in local currencies. Converted into SEK, sales including VAT increased by 5 percent to 161,767 million Swedish krona (18,850 million dollars). Sales excluding VAT amounted to 139,547 million Swedish krona (16,257 million dollars).