H & M Hennes & Mauritz AB Nine-month report
Nine months (1 December 2019 – 31 August 2020) · The H&M group’s net sales amounted to SEK 134,482 m (171,061) in the first nine months of the financial year. Sales development was significantly negatively affected by the Covid-19 situation, particularly in the second quarter when stores were temporarily closed in most markets; at the most, approximately 80 percent of the group’s stores were closed. · Profit after financial items amounted to SEK –1,613 m. The group’s profit after tax amounted to SEK –1,242 m, corresponding to SEK –0:75 per share. Excluding IFRS 16, profit after