H & M Hennes & Mauritz AB Three-month report

First quarter (1 December 2023 – 29 february 2024)  · The H&M group’s net sales amounted to SEK 53,699 m (54,872). · Gross profit increased by 7 percent to SEK 27,655 m (25,886). This corresponds to a gross margin of 51.5 percent (47.2). · Operating profit amounted to SEK 2,077 m (725), corresponding to an operating margin of 3.9 percent (1.3). Adjusted for result from investments in associated companies and joint ventures of SEK -14 m (999) the operating profit amounted to SEK 2,091 m (-274), corresponding to an improvement in profit of SEK 2,365 m. · The result after tax