Press release 1 december 1998 to 30 november 1999

PRESS RELEASE 1 December 1998 to 30 November 1999 Group turnover amounted to SEK 32,977 M (SEK 26,650 M), an increase of 24 per cent compared with the previous year Same store sales increased in all markets Profit before tax was SEK 4,759 M (SEK 3,468 M), an increase of 37 per cent. Adjusted by a one-time expenditure for a millennium bonus to the employees of SEK 94 M, the result increased by 40 per cent and amounted to SEK 4,853 M. The last quarter of the financial year has also been charged with start-up costs of SEK 48 M (SEK 13 M), of which SEK 25 M for the operations in Spain and USA, not yet started Profit per share after tax increased to SEK 3.72 (SEK 2.76) Investments amounted to SEK 1,296 M (SEK 1,008 M). A total of 75 new shops were opened The Board of Directors proposes a dividend of SEK 1.35 per share 90 new stores are planned to open during the present financial year, of which ten in Spain and USA altogether, markets new to H&M ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/20/20030820BIT00520/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/08/20/20030820BIT00520/wkr0002.pdf The full report