Interim report 1 december 1999 - 31 august 2000

INTERIM REPORT 1 December 1999 - 31 August 2000 The period in brief: · Group turnover for the nine months period amounted to SEK 25,428 M (SEK 23,549 M), an increase of 8 per cent compared with the same period last year. In comparable currencies 13 per cent. · Profit after financial items was SEK 2,613 M (SEK 3,209 M), a decrease of 19 per cent compared with the same period last year, mainly due to price reductions, larger than usual, of SEK 375 M. · Turnover for the third quarter amounted to SEK 8,186 M (SEK 7,866 M), an increase of 4 per cent (in comparable currencies 7 per cent) compared with the third quarter 1999. Profit after financial items was SEK 800 M (SEK 1,160 M). · Measures to reduce costs have had an effect during the third quarter. Operating expenditures will be reduced by SEK 500 M on an annual basis. · The balance of the assortment mix - the relation between very high and basic fashion - has been corrected. · Customer response in the USA continues to exceeded expectation. · The autumn collection has been well received. Q4 sales has started well. · Contact persons: Rolf Eriksen +46 8 796 5233 Jan Jacobsen +46 8 796 5401 Carl-Henric Enhörning +46 8 796 5410 Leif Persson +46 8 796 1300 H&M switchboard +46 8 796 5500 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/21/20030821BIT00100/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/08/21/20030821BIT00100/wkr0002.pdf The full report http://www.waymaker.net/bitonline/2003/08/21/20030821BIT00100/wkr0003.-31 Aug The full report