STOCKHOLM, Sweden, June 23, 2004 (PRIMEZONE) -- H & M Hennes & Mauritz AB:
-- Turnover for the H&M Group excluding VAT amounted to SEK 24,981 M
(23,070), an increase of 8 per cent. With comparable currency
rates, the increase was 10 percent.
-- Profit after financial items for the half-year was SEK 4,497 M
(4,256). Profit per share after estimated tax was SEK 2,923 M
(2,766), corresponding to SEK 3:53 (3:34) per share.
-- Turnover for the second quarter excluding VAT amounted to SEK
13,225 M (12,299), an increase of 8 per cent compared with
previous year. With comparable currency rates the increase was 9
percent.
-- Profit after financial items for the second quarter was SEK 2,709
M (SEK 2,566), an increase of 6 percent.
-- Sales in the first two stores in Canada, Toronto, has been well
over expectations.
-- A contract has been signed for the first establishment on the US
west coast in San Francisco. Opening planned during the autumn
2005.
-- The operations in the USA reported profit after depreciations
during the second quarter.
Contact persons:
Carl-Henric Enhorning, +46 8 796 54 10
IR
Leif Persson, CFO +46 8 796 13 00
Rolf Eriksen, CEO +46 8 796 52 33
Switchboard +46 8 796 55 00
Information about H&M and press photographs are available at www.hm.com
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The full report is available for download:
http://www.waymaker.net/bitonline/2004/06/23/20040623BIT00030/wkr0001.pdf