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

22 Jun '05
2 min read

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

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