HALF-YEAR REPORT 1 december 1997 - 31 may 1998

• Group turnover amounted to SEK 12,065 M (SEK 10,179 M), an increase of 19 per cent. The sales development has been very satisfactory in all markets.

• Profit before tax was SEK 1,355.5 M (SEK 1,005.9 M), an increase of 35 per cent.

• Profit per share after estimated full tax was SEK 4.26 (SEK 3.16).

• Investments and start-up costs amounted to SEK 373.9 M (SEK 326.5 M). A total of 32 new shops were opened during the six month period, of which three in France, a market new to H&M.

About Us

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands & Other Stories, Cheap Monday, COS, Monki and Weekday as well as H&M Home. The H&M Group has more than 4,300 stores in 64 markets including franchise markets. In 2016, sales including VAT were SEK 223 billion and the number of employees is more than 161,000. For further information, visit hm.com.

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