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 & 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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