The FINANCIAL — The H&M group’s sales including VAT increased by 7 percent in local currencies in August 2016 compared to the same month the previous year. Sales development in August had a very good start.
But sales were negatively affected in the second half of the month by exceptionally hot weather in most of the group’s markets, according to H&M group.
Third quarter 2016
In the third quarter of 2016, i.e. during the period 1 June to 31 August, sales including VAT increased by 8 percent in local currencies compared to the corresponding quarter last year. Sales including VAT in the third quarter converted into SEK increased by 6 percent and amounted to SEK 56,802* m (53,420). Sales excluding VAT amounted to SEK 48,982 m (46,024), an increase of 6 percent.
The total number of stores amounted to 4,135 on 31 August 2016 compared to 3,675 on 31 August 2015.
Discussion about this post