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H & M Hennes & Mauritz AB Six-month report 2024

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second quarter (1 march 2024 – 31 may 2024)

· The H&M group’s net sales increased by 3 percent in the second quarter to SEK 59,605 m (57,616). In local currencies net sales increased by 3 percent.
· Gross profit increased by 11 percent to SEK 33,569 m (30,338). This corresponds to a gross margin of 56.3 percent (52.7).
· Selling and administrative expenses increased by 3 percent to SEK 26,446 m (25,585). In local currencies the increase was 2 percent.
· Operating profit increased to SEK 7,098 m (4,741), corresponding to an operating margin of 11.9 percent (8.2).
· Adjusted

‘Commemorating Volunteers Week 2024: Recognizing the Unsung Heroes in Our Communities of Scotland’
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‘Commemorating Volunteers Week 2024: Recognizing the Unsung Heroes in Our Communities of Scotland’

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Volunteers Week 2024, observed from June 1st to June 7th, is an annual celebration dedicated to recognizing and appreciating the invaluable contributions of volunteers across the UK. This week-long…

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New number of shares and votes in H&M

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Following implementation of the resolution passed by the AGM on 3 May 2024 to cancel 19,144,612 class B treasury shares repurchased as part of H&M’s buyback programme, the total number of shares in H&M is 1,610,542,225 shares – of which 194,400,000 are class A shares and 1,416,142,225 are class B shares – and the total number of votes is 3,360,142,225.

     

Contact:
Joseph Ahlberg, Head of IR +46 73-465 93 92 joseph.ahlberg@hm.com
     
     

 For more