H & M Hennes & Mauritz AB Six -month report

First half-year (1 December 2021 – 31 May 2022) · The H&M group’s net sales in SEK increased by 20 percent in the first half-year to SEK 103,670 m (86,569). In local currencies the increase was 15 percent. · Well-received collections led to a higher share of full-price sales and lower costs for markdowns. · Gross profit increased to SEK 54,106 m (44,106). This corresponds to a gross margin of 52.2 percent (50.9). · Operating profit increased to SEK 5,446 m (2,724), corresponding to an operating margin of 5.3 percent (3.1). For rolling 12 months the operating margin was 8.3