STOCKHOLM, Sweden, June 22, 2005 (PRIMEZONE) -- H&M Group:
- Turnover for the H&M Group excluding VAT amounted to SEK 28,095 M (24,981), an increase of 12 per cent. With comparable currency rates, the increase was 13 per cent.
- Profit after financial items for the half-year was SEK 5,931 M (4,497), an increase of 32 per cent. Group profit after estimated tax was SEK 3,855 M (2,923), corresponding to SEK 4.66 (3.53) per share.
- Turnover for the second quarter excluding VAT amounted to SEK 15,486 M (13,225), an increase of 17 per cent compared with previous year. With comparable currency rates the increase was 18 per cent.
- Profit after financial items for the second quarter was SEK 3,623 M (SEK 2,709), an increase of 34 per cent.
- Well received collections have contributed to the Group's best operating margin in a second quarter.
- The increase in turnover for the month of May was 18 per cent with comparable currency rates.
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