H & M Hennes & Mauritz AB Six-month report
First half-year (1 December 2022 – 31 May 2023) ·The H&M group’s net sales in SEK increased by 9 percent in the first half-year to SEK 112,488 m (103,670). In local currencies net sales increased by 1 percent. ·The gross profit increased to SEK 56,224 m (54,106). This corresponds to a gross margin of 50.0 percent (52.2). ·Operating profit amounted to SEK 5,466 m (5,446), corresponding to an operating margin of 4.9 percent (5.3). ·The result for the first half was negatively impacted by high raw materials and freight costs, a strong US dollar, increased energy