Total sales at H&M rose 12% for first nine months of the year, but like for like sales over the period were flat.
Total sales excluding VAT over the period rose rose 12% to SEK 62.2billion (£5.07bn). Profits after financial items were up 9% to SEK 14bn (£1.14bn).
The company said that sales during the third quarter also rose 12% to SEK 20.8bn (£1.7bn), while sales in August were up 8% in local currencies compared to The same month last year.
However H&M said that cutting prices helped boost sales in the third quarter which was affected by weaker retail business in most markets. The result was a 0.4 percentage point drop in gross margin to 60.8%.