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H&M Group sales up 11%

Swedish fast fashion giant H&M Group’s sales including VAT rose 11% in local currencies, amounting to an adjusted SEK 49.6bn (£4.2bn) in the three months to November 30.

Exluding VAT, H&M’s fourth-quarter sales reached SEK 42.6bn (£3.6bn). Sales including VAT increased by 10% in local currencies in November, compared with the same month last year.

The group had 3,511 stores as of November 30, up 379 on the year before.

Its full-year report will be published on January 28.

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