STOCKHOLM, Sweden, April 6, 2005 (PRIMEZONE) -- H&M Hennes & Mauritz:
-- Group turnover for the period excluding VAT amounted to SEK 12,610 m (11,756), an increase of 7 percent. With comparable exchange rates, the increase was 8 percent. Turnover including VAT was SEK 14,820 m (13,807). -- Profit after financial items amounted to SEK 2,309 m (1,788), an increase of 29 percent. Group profit after estimated tax was SEK 1,501 m (1,162), corresponding to earnings per share of SEK 1.81 (1.40). -- Gross profit amounted to SEK 7,167 m (6,311), which corresponded to a margin of 56.8 percent (53.7 per cent). -- Operating profit amounted to 2,204 m (1,701), an increase of 30 percent. Operating margin was 17.5 per cent (14.5). -- The second quarter has started well. Sales in March increased by 20 percent in comparable exchange rates.
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