STOCKHOLM, Sweden, Jan. 28, 2005 (PRIMEZONE) -- H & M:
- Group turnover excluding VAT for the year amounted to SEK 53,695 m (48,238), an increase of 11 per cent compared to last year. With comparable exchange rates, the increase was 12 per cent.
- Profit after financial items was SEK 11,005 m (9,609) an increase of 15 per cent. Group profit after tax amounted to SEK 7,275 m (6,386) corresponding to SEK 8.79 (7.72) per share.
- Turnover excluding VAT for the fourth quarter increased by 14 per cent (with comparable exchange rates 14 per cent) and amounted to SEK 15,874 m (13,923) excluding VAT.
- Operating margin for the fourth quarter amounted to a very satisfactory 25.0 per cent (22.9).
- Profit after financial items for the fourth quarter was SEK 4,056 m (3,274), an increase by 24 per cent.
- In 2005, 145-155 stores are planned to open, among those three stores in Ireland and one store in Hungary. Both countries are new markets for the group.
- The Board of Directors proposes a dividend of SEK 8.00 (6.00) per share.
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