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H&M sales in comparable units down by 3%

30
Sep '08
Sales excluding VAT for the H&M Group for the first nine months of the financial year amounted to SEK 62,222 m (55,529), an increase of 12 percent. In local currencies, the increase was 11 percent. In comparable units, sales were on the same level as last year.

Profit after financial items for the first nine months was SEK 14,076 m (12,949), an increase of 9 percent. Group profit after tax was SEK 10,205 m (8,935), corresponding to SEK 12.33 (10.80) per share, an increase of 14 percent.

Sales excluding VAT for the third quarter amounted to SEK 20,871 m (18,707), an increase of 12 percent. In local currencies, sales increased by 10 percent and decreased by 1 percent in comparable units.

Profit after financial items for the third quarter was SEK 4,586 m (4,404), an increase of 4 percent.

Sales in August increased by 8 percent in local currencies compared to the same month last year.

The stock-in-trade is on a very satisfying level with a higher proportion of new autumn garments compared to the same point of time last year.

Fantastic reception of the first store in Tokyo, Japan in September.

Sales in September have up to and including 28 September increased by 9 percent compared to the same period last year.

Sales
Sales excluding VAT for the H&M Group for the first nine months of the financial year amounted to SEK 62,222 m (55,529), an increase of 12 percent. In local currencies the increase was 11 percent. In comparable units, sales were on the same level as last year. Sales including VAT amounted to SEK 73,193 m (65,287).

Sales excluding VAT in the third quarter amounted to SEK 20,871 m (18,707), an increase of 12 percent. Sales including VAT were SEK 24,540 m (22,032), in local currencies sales increased by 10 percent and decreased by 1 percent in comparable units.

In August 2008, sales including VAT in local currencies increased by 8 percent compared to the same month last year. Sales in comparable units decreased by 3 percent.

During the first nine months, the Group opened 85 (99) stores and 9 (12) stores were closed. In addition, 7 Weekday-stores and 13 Monki-stores have been consolidated through H&M's acquisition of Fabric Scandinavien AB. The total number of stores in the Group as per 31 August 2008 thus amounted to 1,618 (1,432), of which 12 are franchise stores.

Hennes & Mauritz AB


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