Hennes & Mauritz declares March sales

18 Apr '06

2 min read

Clothing company Hennes & Mauritz AB announces turnover increase in March 2006 zero percent compared with the corresponding period last year.

The start of the season has been delayed due to the cold weather in March. The late spring and the fact that Easter does not occur until April have led to very weak sales mainly in Central Europe.

Sales increase per month in percent excluding currency rate changes: Click here to view the table.

The figure in paranthesis represents the sales development in comparable stores.

Total number of stores amounted to 1,216 (1,101) on 31 March 2006.

Sales development in the month of April will be published on 15 May 2006 at 8.00 CET.

H & M Hennes & Mauritz AB (H&M) was established in Sweden in 1947. The company's business concept is to offer fashion and quality at the best price.

H&M is quoted on the O-list of the Stockholm Stock Exchange and has approximately 1,200 stores in 22 countries. H&M has more than 50,000 employees and achieved sales including VAT in 2005 of SEK 71,886 million.

H&M has a wide product range that is divided into a number of different concepts for women, men, teenagers, children and cosmetics.

Its own designers, pattern makers and buyers create the company's clothing collections.

Hennes & Mauritz AB

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