Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Sales up at H&M group despite UK troubles

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.”

The news comes after profits after tax at H&M’s UK arm dropped by 74% to £7.5m for the year to 30 November 2018.

H&M group’s full results will be published 3 October.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.