H&M group has reported net sales were up 12% year on year in the three months to 31 August, despite annual profits falling by 74% at its UK arm.
Group net sales amounted to SEK 62.57bn (£52.23bn) in the third quarter of 2019. Adjusted for local currencies, net sales increased by 8% year on year.
The company said “well-received summer collections and increased market share confirm that the H&M group is on the right track with its transformation work to meet the customers’ ever-increasing expectations.”
H&M group’s full results will be published 3 October.