Clothing company Hennes and Mauritz AB (H&M) announces the three-month ending report for December 1, 2005 to 28 February, 2006.
Highlights: - Group turnover excluding VAT amounted to SEK 15,071 M (12,610), an increase of 20 per cent. With comparable exchange rates, the increase was 14 per cent. Turnover including VAT was SEK 17,686 M (14,820).
- Profit after financial items amounted to SEK 2,680 M (2,309), an increase of 16 per cent. Group profit after estimated tax was SEK 1,809 M (1,501), corresponding to earnings per share of SEK 2.19 (1.81).
- Gross profit for the period amounted to SEK 8,514 M (7,167), which corresponded to a margin of 56.5 per cent (56.8 per cent). - Operating profit amounted to SEK 2,574 M (2,204). Operating margin was 17.1 per cent (17.5).
- Greece to become new H&M market. Planned opening in Athens during spring 2007.
Swedish H&M's business concept is to give the customer unbeatable value by offering fashion and quality at the best price.
marketing@alchempro.com
