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H&M reports stronger than expected sales

Monday, 17 December 2012
H&M Group total sales including VAT in local currencies increased by 7 percent In November 2012, compared to the same month the previous year.
According to a press release from the company, sales in comparable units decreased by 1 percent. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year.

In the fourth quarter of 2012, i.e. 1 September to 30 November, sales including VAT increased by 9 percent in local currencies compared to the corresponding quarter last year. Sales in comparable units were unchanged.

Sales in the fourth quarter converted into Skr amounted to Skr 37,928 million (36,191 million) including VAT. Sales excluding VAT amounted to Skr 32,497 million (30,952 million).

The total number of stores amounted to 2,776 on 30 November 2012 versus 2,472 on 30 November 2011.
Source: H&M

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