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H&M sales rise exceeds analysts' expectations

Swedish fashion giant H&M beat analysts’ sales expectations in the fourth quarter of the year. Net sales in the three months to November 30 increased 10 percent to 62.4 billion Swedish Krona (5.7 billion euros). That growth was slightly higher than the 9.5 percent sales increase analysts had expected, according to analysts polled by Refinitiv....

15 Dec 2022

BusinessFeatured

H&M's Q3 results hit by Russia exit

The H&M group’s net sales in the third quarter increased by 3 percent to 57,450 million Swedish krona and in local currencies, net sales decreased by 4 percent. In the current quarter, the company said in a statement, the autumn collections have been well received and sales increased by 7 percent in local currencies in the period. The company...

29 Sept 2022

Business

H&M Q3 sales drop by 4 percent in local currencies

Net sales at H & M Hennes & Mauritz AB increased by 3 percent to 57,450 million Swedish krona in the third quarter of 2022, compared with the corresponding period last year. In local currencies, the company’s net sales decreased by 4 percent. According to the Bloomberg report, analysts expected a drop of 1.4 percent. H&M said in a release that...

15 Sept 2022

Business

H&M reports 12 percent rise in Q2 sales

In a brief statement on Wednesday, Swedish fashion giant H&M revealed sales ahead of expectation in the second quarter of the year. The group, whose portfolio includes Zara, Massimo Dutti, and Pull & Bear, reported a 12 percent year-over-year increase in net sales in local currencies to 54.5 billion Swedish krona compared to 46.5 billion Swedish...

15 Jun 2022

Business

H&M's Q1 sales increase 18 percent, posts profit

First quarter net sales at H&M in local currencies increased by 18 percent, while converted into SEK, the group’s net sales increased by 23 percent to 49,166 million Swedish krona. The group’s profit after tax increased to 217 million Swedish krona, corresponding to 0.13 Swedish krona per share. Commenting on the trading update, Helena...

31 Mar 2022

Business

H&M posts Q1 sales increase of 23 percent

Swedish fashion retailer H&M's net sales in local currencies increased by 18 percent in the first quarter February 28, 2022, compared with the corresponding period last year. Converted to SEK, the company said in a release, net sales increased by 23 percent to 49,166 million Swedish krona. The company will publish its three-month report on March...

15 Mar 2022

BusinessFeatured

H&M's revenue and profit increase, aims to double sales by 2030

Full-year net sales at H & M Hennes & Mauritz AB, in local currencies increased by 11 percent in the fourth quarter 2021 compared with the corresponding period last year. Converted into SEK net sales increased by 8 percent in the quarter to 56,813 million Swedish krona. For the financial year 2021 the H&M group’s net sales in local currencies...

28 Jan 2022

Business

H&M posts 11 percent increase in Q4 sales

Net sales at H&M Group in local currencies increased by 11 percent in the fourth quarter 2021 compared with the corresponding period last year. The company said in a statement that for the 2021 financial year net sales increased by 12 percent in local currencies. Converted to SEK, net sales increased by 8 percent to 56,813 million Swedish krona...

15 Dec 2021

Business

Monki partners with BDD Foundation to raise awareness around body dysmorphic disorder

Fashion retailer Monki has announced it has partnered with the BDD Foundation to support its efforts in raising awareness surrounding Body Dysmorphic Disorder (BDD) and the effect of altered imagery in social media. As part of the partnership, BDD has started a petition directed at the EU Parliament, calling for transparency regarding altered...

25 Nov 2021

BusinessFeatured

H&M sales profit increase, proposes dividend

For the first nine months, the H&M group’s net sales in local currencies increased by 13 percent compared with the corresponding period last year. Converted into SEK the group’s net sales amounted to 142,154 million Swedish krona. For the third quarter the H&M group’s net sales in local currencies increased by 14 percent, while converted into...

30 Sept 2021

Business

H&M reports 14 percent sales improvement in Q3

Net sales at H&M in local currencies increased by 14 percent in the third quarter of 2021, while converted to SEK, net sales increased by 9 percent to 55,585 million Swedish krona. The company said in a release that the H&M group’s strong recovery continues with more full-price sales and good cost control. Sales development continued to be...

15 Sept 2021

BusinessFeatured

H&M reports sales and profit recovery in Q2

The H&M group’s net sales in local currencies increased by 75 percent in the second quarter compared with the corresponding period last year. Converted into SEK, the company said, net sales amounted to 46,509 million Swedish krona in the second quarter. Net sales in the six-month period increased by 12 percent in local currencies, while...

1 Jul 2021