INTERIM REPORT 1 December 2002 - 28 February 2003

• Group turnover for the period amounted to SEK 12,636 m (11,246), an increase of 12 per cent. With comparable exchange rates, the increase was 15 per cent.

• Gross profit amounted to SEK 5,858 m (5.072), which corresponds to a gross margin of 54.4 per cent (52.9).

• Operating margin was 14.5 per cent (11.5) and has improved on all market.

• Profit after financial items amounted to SEK 1,689 m (1,180), an increase of 43 per cent.

• Lease contract has been signed on a first shop in Milan, Italy. Opening fall 2003. H&M will thereby this year open shops on four new markets.

• Profit per share after estimated tax was SEK 1.33 (-.93).


Contact persons:

Carl-Henric Enhörning, IR
+46 8 795 54 10

Leif Persson, CFO
+46 8 796 13 00

Rolf Eriksen, CEO
+46 8 796 52 33

Switchboard
+46 8 796 55 00

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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