The H&M group’s sales including VAT increased by 4 percent in local currencies in May 2017 compared to the same month the previous year. Converted into SEK sales increased by 8 percent. In the first half of the month sales were affected by tough market conditions in several countries. Sales improved considerably in the second half of the month.
Second quarter 2017
In the second quarter of 2017, i.e. during period 1 March to 31 May, sales including VAT increased by 5 percent in local currencies compared to the corresponding quarter the previous year. Converted into SEK sales including VAT increased by 10 percent and amounted to SEK 59,538* m (54,341). Sales excluding VAT amounted to SEK 51,383* m (46,874), an increase of 10 percent.
The total number of stores in the group amounted to 4,498 on 31 May 2017 compared to 4,077 stores on 31 May 2016.
*The amounts are provisional and may deviate slightly from the six-month report, covering the period 1 December 2016 to 31 May 2017, that will be released on 29 June 2017 at 08.00 (CET).
Percentage sales development for the month of June will be published in a press release on 17 July at 08.00 (CET).
Karl-Johan Persson, CEO