H & M Hennes & Mauritz AB Six-month report
First half-year (1 December 2019 – 31 May 2020) · The H&M group’s net sales decreased by 23 percent to SEK 83,612 m (108,489) in the first half-year. In local currencies, net sales decreased by 24 percent. The H&M group has been significantly negatively affected by the Covid-19 situation, particularly in the second quarter. · The H&M group has taken rapid and forceful action to manage the Covid-19 situation. This has been done in all parts of the business, including areas such as product purchasing, investments, rents, staffing and financing. Since the majority of stores were