Hennes & Mauritz sales up in fourth quarter

16 Dec '11

2 min read

In November 2011, Hennes & Mauritz AB (H&M) group total sales including VAT increased by 9 percent compared to the same month the previous year, in local currencies. In comparable units sales decreased by 1 percent. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year.

In the fourth quarter of 2011, i.e. 1 September to 30 November, sales including VAT increased by 6 percent in local currencies compared to the corresponding quarter last year. Sale in comparable units decreased by 3 percent.

Sales in the fourth quarter converted into SEK amounted to SEK 36,169 m (34,792) including VAT. Sales excluding VAT amounted to SEK 30,921 m (29,711).

The total number of stores amounted to 2,472 on 30 November 2011 versus 2,206 on 30 November 2010.

For table over the sales development during the most recent years, see attached document.

The sales figures for the fourth quarter have not yet been audited by the company's accountants. The full year report will be published on 26 January 2012 together with the percentage sales development for the month of December.

Hennes & Mauritz AB (H&M) was established in Sweden in 1947 and is synonymous with affordable as well as up-to-date and high quality fashion. H&M has a wide product range that is divided into a number of different concepts for women, men, teenagers and children.

Hennes & Mauritz AB (H&M)

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