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