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EN
H&M Group Profits Climb in Q4, as Sales Growth Holds Steady
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WWD
Net sales were down 7 percent to 59.22 billion Swedish kronor, or 5.62 billion euros, due to the strengthened krona.
Expenses were down by 9 percent to 26.70 billion kronor, or 2.53 billion euros.
For the full fiscal year ended Nov. 30, net sales in local currencies increased 2 percent.
The group’s net sales amounted to 228.29 billion kronor, or 21.66 billion euros.
After-tax profit increased to 12.09 billion kronor, or 1.15 billion euros.