H & M Hennes & Mauritz AB Three-month report
1 December 2013 - 28 February 2014First quarter · The H&M Group’s sales including VAT increased in local currencies by 12 percent during the first quarter. Converted into SEK, sales excluding VAT amounted to SEK 32,143 m (28,392), an increase of 13 percent. · Gross profit amounted to SEK 17,641 m (15,679), an increase of 13 percent. This corresponds to a gross margin of 54.9 percent (55.2). · Profit after financial items amounted to SEK 3,486 m (3,234), an increase of 8 percent. The group’s profit after tax increased to SEK 2,649 m (2,458), corresponding to SEK 1.60 (1.49). ·