STOCKHOLM, SWEDEN, 2016-Sep-15 — /EPR Retail News/ — 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.
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.
The Nine-Month Report, covering the period 1 December 2015 – 31 August 2016, will be published on 30 September 2016 at 08.00 (CET). Percentage sales development for the month of September will be published
on 17 October 2016 at 08.00 (CET).
*The amounts are provisional and may deviate slightly from the Interim Report that will be released on 30 September 2016.
Karl-Johan Persson, CEO
Only press enquiries:
Phone: +46 8 796 53 00
Email: mediarelations@hm.com
Source: H&M/globenewswire