Full-year results, 2002-12-01--2003-11-30

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H & M HENNES & MAURITZ AB FULL YEAR RESULTS 1 December 2002 to 30 November 2003 - Group turnover for the year amounted to SEK 56,550 m (53,332) including VAT, an increase of 6 per cent compared to last year. With comparable exchange rates, the increase was 9 per cent. Turnover excluding VAT was SEK 48,238 m (45,522). - Profit after financial items was SEK 9,609 m (8,629). Group profit after tax increased by 12 per cent and amounted to SEK 6,386 m (5,687) corresponding to SEK 7.72 (6.87) per share. - Operating profit and operating margin has improved further in all markets and are the best the Group has reached. - Turnover for the fourth quarter increased by 2 per cent (with comparable exchange rates 7 per cent) and amounted to SEK 16,316 m (15,963) including VAT. Turnover excluding VAT was SEK 13,923 m (13,638). - Profit after financial items for the fourth quarter was SEK 3,274 m (3,404). - Increased expansion. In 2004, 140 stores are planned to open, among those five stores in Canada and two stores on the new market Slovenia. - The Board of Directors proposes a regular dividend of SEK 2.90 (2.60) per share and in addition a bonus dividend of SEK 3.10 (3.40) per share, a total of SEK 6.00 (6.00) per share. Stockholm, 29 January 2004 The Board of Directors Contact persons: Carl-Henric Enhörning, IR +46-8-796 5410 Leif Persson, CFO +46-8-796 1300 Rolf Eriksen, CEO +46-8-796 5233 Switchboard +46-8-796 5500 Background information about H&M and press pictures may be found on www.hm.com H & M Hennes & Mauritz AB (Publ.) Head office - A7, 106 38 Stockholm Phone: +46-8-24 80 78, Fax: +46-8-24 80 78, E-mail: info.se@hm.com Registered office Stockholm, Reg. No 556042-7220 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/29/20040128BIT00860/wkr0001.doc The full report http://www.waymaker.net/bitonline/2004/01/29/20040128BIT00860/wkr0002.pdf The full report

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