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In the IV finquarter net profit H&M increased by 2 fold

В IV финквартале чистая прибыль H&M выросла в 2 раза

Swedish Hennes Hennes & Mauritz AB (H&M) reported an increase in net profit in“Interfax”. Experts on average projected net profit of the retailer at level 2.78 billion crons with revenues of 63.52 billion crons.

Koshiro K/Shutterstock/Fotodom

Koshiro K/Shutterstock/Fotodom

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

H&M will refuseto usenaturalperevs

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