STOCKHOLM, Sweden, Sept. 25, 2003 (PRIMEZONE) -- H&M Interim Report, Nine Months, 1 December 2002 -- 31 August 2003:
-- H&M's Group turnover amounted to SEK 40,235 (37,369) M, an increase of 8 per cent. In comparable currency rates the increase was 10 per cent.
-- Profit after financial items was SEK 6,335 (5,225) M, an increase of 21 per cent.
-- Profit after tax for the group amounted to SEK 4,118 M (3,396), corresponding to SEK 4.98 per share (4.10).
-- Turnover for the third quarter amounted to SEK 13,209 M, an increase of 4 per cent compared with last year. In comparable currency rates the increase was 7 per cent.
-- Gross margin amounted to 55.6 per cent during the third quarter (54.0 per cent).
-- The operating margin amounted to 17.8 per cent (16.7 per cent). This margin is the highest ever reached in the Group's third quarter.
-- Third quarter profit after financial items amounted to SEK 2,079 M (1,906), an increase of 9 per cent.
-- The autumn collections were well received.
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The full report