STOCKHOLM, Sweden, Dec 15, 2016 /PRNewswire/ --
November 2016
The H&M group's sales including VAT increased by 9 percent in local currencies in November 2016 compared to the same month last year.
Fourth quarter 2016
In the fourth quarter of 2016, i.e. during the period 1 September to 30 November, sales including VAT increased by 7 percent in local currencies. Converted into SEK, sales including VAT amounted to SEK 61,053* m (56,477) in the fourth quarter, an increase of 8 percent. Sales excluding VAT amounted to SEK 52,682* m (48,694).
Financial year 2016
In the financial year 2016, i.e. 1 December 2015 to 30 November 2016, sales including VAT increased by
7 percent in local currencies. Converted into SEK, sales including VAT amounted to SEK 222,820* m (209,921) for the full-year, an increase of 6 percent. Sales excluding VAT amounted to SEK 192,229* m (180,861).
The total number of stores amounted to 4,351 on 30 November 2016 compared to 3,924 on 30 November 2015, an increase of 427 stores.
Percentage sales development for the month of December will be published at 08.00 (CET) on 16 January 2017. The Full-year Report, covering the period 1 December 2015 – 30 November 2016, will be published at 08.00 (CET) on 31 January 2017.
*The amounts are provisional and have not yet been audited by the company's auditors: the amounts may deviate slightly from the Full-year Report that will be released on 31 January 2017.
Karl-Johan Persson, CEO
CONTACT:
Nils Vinge,
Head of IR,
Tel: 46 8 796 5250.
The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under the EU Market
Abuse Regulation (596/2014 /EU). The information was submitted for publication by the abovementioned person at 08.00 CET on
15 December 2016. This press release, along with additional information about H&M, is available at www.hm.com.
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