H & M Hennes & Mauritz AB Full-year report
Full-year (1 December 2022 – 30 November 2023) · The H&M group’s net sales in SEK increased by 6 percent in the 2023 financial year to SEK 236,035 m (223,553). Excluding Russia and Belarus the increase was 8 percent in SEK and 1 percent in local currencies. · Sales for Portfolio brands in the financial year increased by 15 percent in SEK and by 9 percent in local currencies. · Gross profit increased by 7 percent to SEK 120,896 m (113,370). This corresponds to a gross margin of 51.2 percent (50.7). · Operating profit including allocation to the H&M Incentive program (HIP)