H & M Hennes & Mauritz AB Nine-month report

Nine months (1 December 2020 – 31 August 2021) ·The H&M group’s net sales in local currencies increased by 13 percent in the first nine months of the financial year compared with the corresponding period last year. Converted into SEK the group’s net sales amounted to SEK 142,154 m (134,482). The pandemic led to reduced footfall as a result of continued restrictions and store closures. At the most, around 1,800 stores were temporarily closed. ·Profit after financial items increased to SEK 8,297 m (-1,613). The group’s profit after tax amounted to SEK 6,389 m (-1,242),