THREE-MONTH REPORT 1 December 2007 - 29 February 2008

THREE-MONTH REPORT 1 December 2007 - 29 February 2008

• Sales excluding VAT for the H&M Group for the first three months of the
financial year amounted to SEK 19,742 m (16,772), an increase of 18 percent. In
local currencies, the increase was 16 percent and in comparable units 3 percent.

• Profit after financial items for the first quarter was SEK 4,057 m (3,411), an
increase of 19 percent. Group profit after tax was SEK 2,941 m (2,302),
corresponding to SEK 3.55 (2.78) per share, an increase of 28 percent.

• Gross profit amounted to SEK 11,770 m (9,876), corresponding to a gross margin
of 59.6 percent (58.9).

• Operating profit amounted to SEK 3,799 m (3,223). The operating margin was
19.2 percent (19.2).

Contact persons:
Nils Vinge, IR	+46-8-796 5250
Leif Persson, CFO	+46-8-796 1300
Rolf Eriksen, CEO +46-8-796 5233
Switchboard	+46-8-796 5500

Information about H&M and press images are available at www.hm.com