STOCKHOLM, Sweden, Sept. 28, 2005 (PRIMEZONE) -- H&M's Group turnover excluding VAT amounted to SEK 43,253 M (37,821), an increase of 14 per cent.
- Profit after financial items for the first nine months was SEK 9,256 M (6,949), an increase of 33 per cent. Profit after VAT for the Group amounted to SEK 6,016 M (4,517), corresponding to SEK 7.27 per share (5.46).
- Turnover excluding VAT for the third quarter amounted to SEK 15,158 M (12,840), an increase of 18 per cent, compared with last year. In comparable currency rates the increase was 16 per cent.
- Third quarter profit after financial items amounted to SEK 3,324 M (2,452), an increase of 36 per cent.
- Low price reduction level during the third quarter and a substantially improved gross profit.
- The increase in turnover for the month of August was 17 per cent in comparable currency rates.
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