The H&M Group's net sales increased by 6% to SEK 60,897 million (57,450) in the third quarter of 2023, compared with the corresponding period last year. In local currencies, net sales were flattish compared with last year. Excluding Russia, Belarus and Ukraine, the increase was 8 percent in SEK.
The work towards the company's goal of reaching a 10 percent operating margin in 2024 is going in the right direction. Profitability and inventory levels have been prioritized in the quarter.
The amount is provisional and may deviate slightly from the nine-month report that will be published on 27 September 2023.
