STOCKHOLM, Sweden, Sept. 30, 2004 (PRIMEZONE) -- H & M Hennes & Mauritz:
-- H&M's Group turnover excluding VAT amounted to SEK 37,821 M (34,315), an increase of 10 percent. In comparable currency rates the increase was 12 percent.
-- Profit after financial items for the first nine months was SEK 6,949 M (6,335), an increase of 10 percent. Profit after VAT for the group amounted to SEK 4,517 M (4,118), corresponding to SEK 5.46 per share (4.98).
-- Turnover excluding VAT for the third quarter amounted to SEK 12,840 M (11,246), an increase of 14 percent, compared with last year. In comparable currency rates the increase was 15 percent.
-- Third quarter profit after financial items amounted to SEK 2,452 M (2,079), an increase of 18 percent.
-- Establishing two new markets during 2005, Ireland and Hungary.
-- Continued very positive development in the USA.
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