Full-year results, 1997-12-01 -- 1998-11-30
• Group turnover amounted to SEK 26,650 M (SEK 21,279 M), an increase of 25% compared with the previous year
• Same store sales increased in all markets
• Profit before tax was SEK 3,468 M (SEK 2,512 M), an increase of 38%
• Profit per share after tax increased to SEK 11.05 (SEK 8.17)
• Investments amounted to SEK 1,008 M. A total of 71 new shops were opened, of which six in France, a new H&M market
• In the autumn, H & M Rowells started mail-order operations in Denmark
• The Board of Directors proposes a dividend of SEK 4.00 per share
• The Board of Directors proposes a 4:1 split of company shares