THIRD QUARTER (1 JUNE 2024 – 31 AUGUST 2024)
· The H&M group’s net sales in the third quarter amounted to SEK 59,011 m (60,897). In local currencies net sales were flat compared with the previous year.
· Gross profit amounted to SEK 30,133 m (31,015). This corresponds to a gross margin of 51.1 percent (50.9).
· Selling and administrative expenses increased by 1 percent to SEK 26,602 m (26,271). In local currencies the increase was 4 percent.
· Operating profit amounted to SEK 3,507 m (4,739), corresponding to an operating margin of 5.9 percent (7.8). Excluding currency