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
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