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

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