H & M Hennes & Mauritz AB Three-month report

First quarter (1 December 2022 – 28 February 2023) · The H&M group’s net sales in SEK increased by 12 percent in the first quarter to SEK 54,872 m (49,166). In local currencies the increase was 3 percent. Excluding Russia, Belarus and Ukraine the increase was 16 percent in SEK and 7 percent in local currencies. · The gross margin was 47.2 percent (49.3). The external factors for purchases made for the first quarter were very negative compared with the corresponding period last year. · Sellpy, which is one of Europe’s largest second-hand platforms and was previously an associated