The H&M group’s sales development in the third quarter 2023
Net sales increased by 6 percent to SEK 60,897* m (57,450) in the third quarter, i.e., in the period 1 June 2023 – 31 August 2023, compared with the corresponding period last year. In local currencies, net sales were flattish compared with last year. Excluding Russia, Belarus and Ukraine the increase was 8 percent in SEK. The work towards the company’s goal of reaching a 10 percent operating margin in 2024 is going in the right direction. Profitability and inventory levels have been prioritised in the quarter. * The amount is provisional and may deviate slightly from the nine-month