H & M Hennes & Mauritz AB Full-year report
Full-year (1 December 2021 – 30 November 2022) · The H&M group’s net sales in SEK increased by 12 percent in the 2022 financial year to SEK 223,553 m (198,967). In local currencies the increase was 6 percent. Excluding Russia, Belarus and Ukraine the increase was 15 percent in SEK and 8 percent in local currencies. · As communicated previously, results for the year were impacted by one-time costs of SEK 2,591 m for winding down the Russian operations and of a cost and efficiency programme. · The gross margin was 50.7 percent (52.8). Adjusted for the one-time costs the gross