Interim report

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 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/26/20030325BIT00830/wkr0001.doc The Full Report http://www.waymaker.net/bitonline/2003/03/26/20030325BIT00830/wkr0002.pdf The Full Report

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