H&M posts 9% hike in Q4 FY'12 sales

Sales in comparable units 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 2012, i.e. 1 September to 30 November, sales including VAT increased by 9 percent in local currencies compared to the corresponding quarter last year. Sales in comparable units were unchanged.

Sales in the fourth quarter converted into SEK amounted to SEK 37,928 m (36,191) including VAT. Sales excluding VAT amounted to SEK 32,497 m (30,952).

The total number of stores amounted to 2,776 on 30 November 2012 versus 2,472 on 30 November 2011.

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 30 January 2013 together with the percentage sales development for the month of December.

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on NASDAQ OMX Stockholm. The company’s business concept is to offer fashion and quality at the best price.

In addition to H&M, the group includes the brands COS, Monki, Weekday and Cheap Monday as well as H&M Home. The H&M Group has approximately 2,800 stores in 48 markets, including franchise markets.

H&M