H & M Hennes & Mauritz AB Three-month report
First quarter (1 December 2017 – 28 February 2018) · The H&M group’s sales including VAT amounted to SEK 53,554 m (54,369). Sales excluding VAT amounted to SEK 46,181 m (46,985). In local currencies, sales including VAT were unchanged in the first quarter. · Gross profit amounted to SEK 23,040 m (24,466). This corresponds to a gross margin of 49.9 percent (52.1). · Profit after financial items amounted to SEK 1,263 m (3,212). The group’s profit after tax amounted to SEK 1,372 m (2,457), corresponding to SEK 0.83 (1.48) per share. Profit development in the quarter was