H & M HENNES & MAURITZ AB THREE-MONTH REPORT 1 December 2009 - 28 February 2010 THE FIRST QUARTER • The H&M Group's sales excluding VAT amounted to SEK 24,846 m (23,299), an increase of 7 percent. In local currencies, the increase was 13 percent. • Gross profit amounted to SEK 15,390 m (13,178), corresponding to a gross margin of 61.9 percent (56.6). • Profit after financial items amounted to SEK 5,055 m (3,554), an increase of 42 percent. Group profit after tax was SEK 3,741 m (2,577), corresponding to SEK 4.52 (3.11) per share. • Sales in February increased by 10 percent in local currencies compared to the same month last year. • Successful opening in Seoul, South Korea in February. ------------------------------------------------------------- • Successful franchise openings in Tel Aviv and Jerusalem, Israel in March. • Sales in March increased by 21 percent in local currencies compared to the same month last year. Q1 2010 Q1 2009 (SEK m) Net sales 24,846 23,299 Gross profit 15,390 13,178 gross margin, % 61.9 56.6 Operating profit 4,978 3,364 operating margin, % 20.0 14.4 Financial items 77 190 Profit after financial items 5,055 3,554 Tax -1,314 -977 Profit for the period 3,741 2,577 Earnings per share, SEK 4.52 3.11 CONTACT PERSONS Nils Vinge, IR, +46-8-796 52 50 Jyrki Tervonen, CFO, +46-8-796 52 77 Karl-Johan Persson, CEO, +46-8-796 52 33 Switchboard, +46-8-796 55 00 The information in this Interim Report is that which H & M Hennes & Mauritz AB (publ) is required to disclose under Sweden's Securities Market Act. It will be released for publication at 8.00 (CET) on 8 April 2010. H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on NASDAQ OMX Stockholm. The company's business idea is to offer fashion and quality at the best price. In addition to H&M, the group includes the brands COS, Monki, Weekday and Cheap Monday as well as H&M Home. The H&M Group has around 2,000 stores in 37 markets. In 2009, sales including VAT were SEK 118,697 million and the number of employees was around 76,000. For further information, visit www.hm.com.
H & M HENNES & MAURITZ AB THREE-MONTH REPORT
| Source: Hennes & Mauritz AB, H & M