STOCKHOLM, Sweden, March 26, 2003 (PRIMEZONE) -- H & M Hennes & Mauritz (Other OTC:HMRZF) (Stockholm:HMb):
-- Group turnover for the period amounted to SEK 12,636 m (11,246), an increase of 12 per cent. With comparable exchange rates, the increase was 15 per cent. -- Gross profit amounted to SEK 5,858 m (5.072), which corresponds to a gross margin of 54.4 per cent (52.9). -- Operating margin was 14.5 per cent (11.5) and has improved on all market. -- Profit after financial items amounted to SEK 1,689 m (1,180), an increase of 43 per cent. -- Lease contract has been signed on a first shop in Milan, Italy. Opening fall 2003. H&M will thereby this year open shops on four new markets. -- Profit per share after estimated tax was SEK 1.33 (-.93). Contact persons: Carl-Henric Enhorning, IR +46 8 795 54 10 Leif Persson, CFO +46 8 796 13 00 Rolf Eriksen, CEO +46 8 796 52 33 Switchboard +46 8 796 55 00
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
The Full Report:
http://www.waymaker.net/bitonline/2003/03/26/20030325BIT00830/wkr0001.doc
http://www.waymaker.net/bitonline/2003/03/26/20030325BIT00830/wkr0002.pdf