The H&M group’s sales development for full-year 2020 including the fourth quarter
In the fourth quarter 2020, i.e. in the period 1 September 2020 to 30 November 2020, the H&M group’s net sales decreased by 10 percent in local currencies compared with the corresponding period last year. For the 2020 financial year net sales decreased by 18 percent in local currencies. Converted to SEK the group’s net sales amounted to SEK 52,543 m (61,694) in the fourth quarter 2020. For full-year 2020 net sales amounted to SEK 187,025 m (232,755). 2020 – a year marked by the Covid-19 pandemicThe H&M group started the year strongly and with a positive momentum until the first wave of