Net sales of the H&M Group in the fourth quarter spanning September 01, 2023-November 30, 2023 remained flat at a value of SEK 62,629* million compared to last year. The brand’s sales, excluding its Russia and Belarus markets, increased by 3 per cent in SEK and decreased by 1 per cent in local currencies. In total, the H&M group’s net sales decreased by 4 per cent in local currencies compared with the corresponding quarter last year.

For the entire FY’23 from December 01, 2022 –November 30, 2023, H&M ‘s net sales increased by 6 per cent to SEK 236,014* million, compared with 2022. Its sales in SEK currencies, excluding Russia and Belarus markets, increased by 8 per cent while in local currencies they increased by 1 per cent,