FULL YEAR RESULTS 1 December 2003 to 30 November 2004

• Group turnover excluding VAT for the year amounted to SEK 53,695 m (48,238), an increase of 11 per cent compared to last year. With comparable exchange rates, the increase was 12 per cent. • Profit after financial items was SEK 11,005 m (9,609) an increase of 15 per cent. Group profit after tax amounted to SEK 7,275 m (6,386) corresponding to SEK 8.79 (7.72) per share. • Turnover excluding VAT for the fourth quarter increased by 14 per cent (with comparable exchange rates 14 per cent) and amounted to SEK 15,874 m (13,923) excluding VAT. • Operating margin for the fourth quarter amounted to a very satisfactory 25.0 per cent (22.9). • Profit after financial items for the fourth quarter was SEK 4,056 m (3,274), an increase by 24 per cent. • In 2005, 145-155 stores are planned to open, among those three stores in Ireland and one store in Hungary. Both countries are new markets for the group. • The Board of Directors proposes a dividend of SEK 8.00 (6.00) per share. Contact persons: Carl-Henric Enhörning, IR +46-8-796 5410 Leif Persson, CFO +46-8-796 1300 Rolf Eriksen, CEO +46-8-796 5233 Switchboard +46-8-796 5500

About Us

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories, H&M HOME and ARKET as well as Afound. The H&M group has 47 online markets and more than 4,900 stores in 72 markets including franchise markets. In 2018, net sales were SEK 210 billion. The number of employees amounts to more than 177,000. For further information, visit hmgroup.com.


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