The Swedish clothing group Hennes & Mauritz AB (H&M) closed the second quarter of the 2021/22 financial year with a double-digit increase in sales. According to preliminary figures, sales from March to May reached 54.5 billion Swedish crowns (5.13 billion euros), the company announced on Wednesday. This corresponded to an increase of 17 percent compared to the same quarter of the previous year. Adjusted for exchange rate changes, sales grew by twelve percent.
In the first quarter of the current financial year, the parent company of the brands H&M, Cos, Monki, Weekday, & Other Stories, H&M Home, Arket and Afound increased its sales by 23 percent (currency-adjusted +18 percent). The group intends to present its full half-year figures on June 29th.