H & M Hennes & Mauritz AB Nine-month report
Nine months (1 December 2022 – 31 August 2023) · The H&M group’s net sales in SEK increased by 8 percent in the first nine months of thefinancial year to SEK 173,385 m (161,120). In local currencies, net sales were flat compared withthe previous year. · The gross profit increased to SEK 87,239 m (82,266). This corresponds to a gross margin of 50.3 percent (51.1). · Selling and administrative expenses amounted to SEK 78,016 m (75,918). In local currencies, these expenses decreased by 3 percent. · Operating profit increased to SEK 10,205 m (6,348), corresponding to an