HALF-YEAR REPORT 1 December 2003 - 31 May 2004

• Turnover for the H&M Group excluding VAT amounted to SEK 24,981 M (23,070), an increase of 8 per cent. With comparable currency rates, the increase was 10 per cent.

• Profit after financial items for the half-year was SEK 4,497 M (4,256).
Profit per share after estimated tax was SEK 2,923 M (2,766), corresponding to SEK 3:53 (3:34) per share.

• Turnover for the second quarter excluding VAT amounted to SEK 13,225 M (12,299), an increase of 8 per cent compared with previous year. With comparable currency rates the increase was 9 per cent.

• Profit after financial items for the second quarter was SEK 2,709 M (SEK 2,566), an increase of 6 per cent.

• Sales in the first two stores in Canada, Toronto, has been well over expectations.
• A contract has been signed for the first establishment on the US west coast in San Francisco. Opening planned during the autumn 2005.

• The operations in the USA reported profit after depreciations during the second quarter.

Contact persons:

Carl-Henric Enhörning, IR +46 8 796 54 10
Leif Persson, CFO +46 8 796 13 00
Rolf Eriksen, CEO +46 8 796 52 33
Switchboard +46 8 796 55 00

Information about H&M and press photographs are available at www.hm.com

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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