H & M Hennes & Mauritz AB Six -month report

First half-year (1 December 2020 – 31 May 2021) · The H&M group’s net sales in local currencies increased by 12 percent in the first half of 2021 compared with the corresponding period last year. Converted into SEK the group’s net sales amounted to SEK 86,569 m (83,612). 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, i.e. around 36 percent of the group’s total number of stores. · Profit after financial items increased to SEK 2,204 m (-3,978). The group’s profit after tax