>>
Home / Knowledge / News / Fashion / H&M Group's turnover hits 12% for half year ended May 31

H&M Group's turnover hits 12% for half year ended May 31

22
Jun '05
Fashion & cosmetic company Hennes and Mauritz (H&M) announced its half-year report.

- Turnover for the H&M Group excluding VAT amounted to SEK 28,095 M (24,981), an increase of 12 per cent. With comparable currency rates, the increase was 13 per cent.

- Profit after financial items for the half-year was SEK 5,931 M (4,497), an increase of 32 per cent. Group profit after estimated tax was SEK 3,855 M (2,923), corresponding to SEK 4.66 (3.53) per share.

- Turnover for the second quarter excluding VAT amounted to SEK 15,486 M (13,225), an increase of 17 per cent compared with previous year. With comparable currency rates the increase was 18 per cent.

- Profit after financial items for the second quarter was SEK 3,623 M (SEK 2,709), an increase of 34 per cent.

- Well received collections have contributed to the Group's best operating margin in a second quarter.

- The increase in turnover for the month of May was 18 per cent with comparable currency rates.

H&M operates in 21 countries and has more than 45,000 employees all working to the same philosophy: to provide fashion and quality at the best price. These pages will help you find out more about how and why. Discover the world of H&M or join us on a journey through the decades in 50 years of fashion.

H&M Group


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Rosset ;& Cia Limited
Sportmaster Ltd.
Eastman Chemical Company
IKEA of Sweden AB
Gokaldas Exports Limited
Phong Phu international JSC (PPJ)
Permoda(Koaj/Armi/Pronto/Bkul)
Vardhman Textile Ltd
The Top Form Brassiere Manufacturing Company Limited
Alix Partners
Sateri (Jiujiang) Fiber Co.,Ltd
Benetton Group
NITI Aayog
Rayonese Textile Inc., Division de Culp Inc.
Landmark Group
Reiter India Private Limited
Sportswear Company Spa
Gap International Sourcing Limited
Chori Company Limited
Chico’ FAS
Calvin Klein
Tommy Hilfiger
PVH Corporation
Gloria Jeans
Under Armour Global Sourcing Ltd
J ;& P Coats
Truetzschler India Private Limited
Groz-Beckert East Asia LLP
Etam Group Strategy Hong Kong Limited
Aramark Uniform ;& Career Apparel, LLC
Varner AS Retail
Midas Clothing Limited
Seasalt Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Lacoste (Wanchai)
Bluestem Global Sourcing Limited
Babyshop
Desigual - ABASIC, S.A.
Tory Burch Hong Kong Ltd
Page Industries Limited (Bangalore)
Amazon China
Walmart
BIANCA
Guess Europe Sagl,
International Textile Manufacturers Federation
KAS Direct Sourcing
LC Waikiki
Lululemon Athletica Inc
THE BOMBAY DYEING ;& MFG.CO. LTD
IDH – The Sustainable Trade Initiative
TESCO INTERNATIONAL SOURCING LIMITED
KIABI
Recron Polyester from Reliance Industries Limited
T.T. Limited
Maceton Limited
Tchibo GmbH
MAS Active / MAS Kreeda / MAS Bodyline
Helly Hansen Far East Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Grasim Industries Limited
Asos
Esprit Europe Services GmbH
Puma
SYNERGIES HONG KONG LIMITED
Boardriders Asia Sourcing Limited
SHAHI Exports Pvt Ltd
Restoque S.A.
Target Corporation (MN)
Lisa S.P.A.
Abit
Aquarelle Clothing Limited
Hirdaramani International Export Private Limited
Gatsby Africa
Alison Hayes Romania
Lenzing Aktiengesellschaft
Vianney Textil Hogar S.A. De C.V.
C;&A Sourcing International Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Decathlon
Splash
Cat Tuong Real Estate Group Joint Stock Company
Sainsbury's Argos Asia Limited
G-Star Raw C.V.
BIMBA ;& LOLA SL
OVS Hong Kong Sourcing Ltd.
Green Fibre
Brandix Lanka Limited
Hela Clothing Pvt Ltd
Lifestyle

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search