• Linkdin

Clothing chain H&M's 9-month turnover up 14%

28 Sep '05
2 min read

Fashion company Hennes and Mauritz (H&M) Group reported interim results for nine months December 1, 2004 to August 31st, 2005.

H&M's Group turnover excluding VAT amounted to SEK 43,253 M (37,821), an increase of 14 per cent.

Profit after financial items for the first nine months was SEK 9,256 M (6,949), an increase of 33 per cent. Profit after VAT for the Group amounted to SEK 6,016 M (4,517), corresponding to SEK 7.27 per share (5.46).

Turnover excluding VAT for the third quarter amounted to SEK 15,158 M (12,840), an increase of 18 per cent, compared with last year. In comparable currency rates the increase was 16 per cent.

Third quarter profit after financial items amounted to SEK 3,324 M (2,452), an increase of 36 per cent.

Low price reduction level during the third quarter and a substantially improved gross profit.

The increase in turnover for the month of August was 17 per cent in comparable currency rates.

Swedish clothing chain H&M is engage to operate in 22 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.

Hennes and Mauritz

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search