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 COS, Monki, Weekday, Cheap Monday, & Other Stories, H&M Home as well as ARKET. The H&M group has 43 online markets and 4,739 stores in 69 markets including franchise markets as per 30 November 2017. In 2017, sales including VAT amounted toapproximately SEK 232* billion. The number of employees amounts to more than 161,000. For further information, visit about.hm.com


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