#Retail & Brands

2024-06-27

H&M Group reports robust Q2 and six-month performance

The H&M Group has reported a robust performance in the second quarter (March 1, 2024 – May 31, 2024), with net sales rising by 3% to SEK 59,605 million. Gross profit surged by 11% to SEK 33,569 million, improving the gross margin to 56.3%. Operating profit increased significantly to SEK 7,098 million, achieving an operating margin of 11.9%. Adjusted operating profit stood at SEK 7,297 million. The result after tax soared by 52% to SEK 4,995 million.

In the first half of the year (December 1, 2023 – May 31, 2024), net sales edged up by 1% to SEK 113,274 million. Gross profit rose to SEK 61,224 million, and the operating profit increased to SEK 9,175 million. Cash flow from operating activities improved to SEK 16,567 million.

H&M has been recognized by Stand.earth for its climate initiatives, receiving the highest score among leading fashion brands. Additionally, the company’s AGM authorized the potential buyback of B shares until the 2025 AGM.

CEO Daniel Ervér highlighted the group's best results in years, emphasizing the company's strong financial position and commitment to sustainable growth. Despite a predicted 6% decrease in June sales due to adverse weather conditions, H&M remains optimistic about continued growth.

Key Highlights:

+ Q2 net sales: +3% to SEK 59,605 million

+ Q2 gross profit: +11% to SEK 33,569 million

+ H1 net sales: +1% to SEK 113,274 million

+ H1 gross profit: SEK 61,224 million

+ Stand.earth recognition for climate efforts

+ Authorization for potential B share buyback

With a focus on customer experience and strategic investments, H&M is poised for profitable and sustainable growth.

Kordsa showcases its global expertise in material technologies at JEC World 2026

Kordsa, a subsidiary of Sabancı Holding, shared its global expertise in material technologies with participants at JEC World 2026, held in Paris. The company’s solutions developed for a wide range of industries—particularly aviation, energy, and automotive—stood out among its key innovations at the exhibition. Throughout the event, Kordsa also presented its vision for sustainable growth and its strategic transformation in composite technologies to international stakeholders.

The global meeting point of the technical Textiles and nonwoven industry: HIGHTEX 2026

One of the world’s most prestigious technical textiles and nonwoven exhibitions, the HIGHTEX 2026 International Technical Textiles and Nonwoven Exhibition, is preparing to open its doors to industry professionals at the Tüyap Fair and Congress Center in Istanbul between June 9–13, 2026. Bringing together manufacturers, technology developers, and global buyers from all around the world in the field of technical textiles, HIGHTEX 2026 will be an important platform showcasing the sector’s innovative solutions and paving the way for new collaborations.

Texprocess 2026: Automation, digitalisation and AI reshape textile processing

Investment decisions in textile processing have become increasingly complex. Rising energy prices, labour shortages and geopolitical uncertainties are forcing companies to prioritise technologies that deliver measurable improvements in efficiency and process stability. This applies not only to apparel production, but also to the processing of technical textiles and high-performance materials. Modernisation projects are therefore being evaluated more selectively – but the pressure to upgrade production systems continues to grow. Texprocess 2026 reflects this tension between cautious investment behaviour and increasing technological demand.

Smart sensors, smart savings - Reducing energy and cost in textile finishing

As energy prices, sustainability requirements and quality expectations continue to rise, manufacturers of technical textiles face increasing pressure to optimize efficiency while ensuring process reliability. At the same time, skilled labor shortages require production systems that are intuitive, automated and easy to manage. PLEVA addresses these challenges with robust, maintenance-friendly sensor technologies combined with intelligent process control.

Recover™ secures multi-year recycled cotton agreement with H&M

Recover™ has signed a multi-year agreement with H&M to support the integration of its recycled cotton fiber, RCotton, for use in H&M’s products. Since early 2024, H&M and Recover™ have collaborated on product development, which now enables scaled commercial introduction of Recover™ mechanically recycled cotton into H&M’s collections.

GORE-TEX® KIDSWEAR launches innovative membership scheme for kids’ jackets

With its revolutionary new membership model, GORE-TEX® Kidswear now offers families a simple, flexible and sustainable way of kitting out their children in top-quality jackets. It is aimed at the parents of children aged between five and ten and kicks off with a choice of functional winter jackets.

From preparation to 3D weaving: Stäubli’s solutions at Techtextil 2026

Stäubli, a global leader in high performance weaving technologies, is pleased to announce its participation at Techtextil 2026 in Frankfurt, Germany, the leading international trade fair for technical textiles and nonwovens. As technical textiles continue their rapid expansion across demanding markets such as defense, mobility, aerospace, construction, energy… Stäubli will showcase innovative solutions designed to empower mills to produce the next generation of advanced fabrics. Stäubli will exhibit its trend-setting technologies at the Swiss Pavilion Booth B01.6 in Hall 12.0.

DIENES at Techtextil 2026: Flexible pilot lines for bio-based fiber development

The growing relevance of bio-based materials in technical textiles is accompanied by increasing demands for reproducibility, high-quality data, and scalable process routes. Especially when working with cellulose and its derivatives, chitosan, lignin-based approaches, or bio-based PAN as a carbon-fiber precursor, R&D teams face variable feedstock quality, tighter process windows, and the need for reliable comparability across trials. This calls for flexible, data-driven experimental setups that can be reconfigured efficiently when recipes, solvents, and raw-material batches change.

Gunold showcases embroidery product range and services at Texprocess

At Texprocess 2026, GUNOLD will present numerous hands-on examples related to embroidery in Hall 8, Booth E20. The focus is on creative embroidery designs as well as the extensive product range of threads, nonwovens, and accessories for embroidery and embellishment. “Trade visitors can once again look forward to many new and creative embroidery designs. Of course, we will also showcase the matching products required to bring these ideas to life,” announces Marketing Manager Stephan Gunold.