
Swedish Hennes Hennes & Mauritz AB (H&M) reported an increase in net profit in
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According to information from press release H&M, net profit for quarter ended 30 November 2024 was 3.09 billion Swedish kroner ($280.4 million) as Revenues in South Europe in South Europe in last finquarter increased by 5%, in East by 1%, in West by 3%. In North Europe sales decreased by 4%, in North and South America – by 7%, in Asia, Africa and Oceania – by 5%. Analysts of the company also noted, that revenue c 1 December 2024 year to January 28 January 2025 year increased by 4% in annualized expressions without accounting for changes in the currencies.
H&M will close all stores of the Monki network