We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.

The global fashion business journal

Apr 2, 20206:24pm

H&M beats estimates in fourth quarter, grows 5% in full year

In the fourth quarter, the group gained impulse with 12% rise of sales, reaching 56.42 billion Swedish kronor (5.5 billion euros), its best quarter in three years.

Dec 17, 2018 — 5:30pm
Related topics
H&M beats estimates in fourth quarter, grows 5% in full year




H&M saves the fiscal year. The group, the world’s number two in fashion distribution, has ended 2018 (concluded on November 30th) with a growth of 5%, above the 4% rise it scored in 2017 and lightly in line with the expectations of analysts. The company will publicly disclose its annual report and complete results next January 31st.


The group had a revenue of 210.41 billion Swedish krona (20.52 billion euros) last fiscal year, ahead of the 200 billion Swedish krona (19.5 billion euros) it had in fiscal 2017. At constant exchange rates, H&M’s volume of business grew up by 3%.





In the fourth quarter (between September and October), H&M gained strength once more with a growth of 12%, reaching 56.42 billion Swedish kronor (5.5 billion euros). It is its best quarter in three years.


The group, immersed in a deep restructuring process after its 2017 “disappointing” results, has improved them during this year. In the first quarter, the company shrunk by 1.7% its sales, recovering lightly going up by 1.2% in the second and rising up to 9% in the third one. The company has announced that, after the next year, it will only disclose its sales excluding the VAT as a measure for business evolution. After the presentation of the results, the shares of H&M dropped by 2.9%.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment