#Retail & Brands

2020-09-17

The H&M group’s sales development and preliminary results in the third quarter 2020

In the third quarter 2020, i.e. in the period 1 June 2020 to 31 August 2020, the H&M group’s net sales decreased by 16 percent in local currencies compared with the corresponding period last year. Converted to SEK net sales decreased by 19 percent to SEK 50,870 m (62,572).

Sales development in the third quarter

Sales development in the third quarter reflects the Covid-19 situation. At the beginning of the quarter approximately 900 of the group’s more than 5,000 stores were temporarily closed. At the end of the quarter just above 200 stores were temporarily closed.

Preliminary results for the third quarter

As a result of appreciated collections together with rapid and decisive actions, the H&M group's recovery is better than expected. More full-price sales combined with strong cost control enabled the company to already turn to profit in the third quarter. Preliminary results show profit before tax of approximately SEK 2 billion.

The final results for the third quarter and the nine-month period 1 December 2019 – 31 August 2020, will be published at 08:00 CEST on 1 October 2020. A telephone conference for the financial market and media will be held in English at 09:00 CEST, hosted by CEO Helena Helmersson, CFO Adam Karlsson and Head of IR Nils Vinge.

Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Techtextil 2026: Between innovation pressure & market reality

From 21 to 24 April 2026, Techtextil in Frankfurt am Main will once again become the central meeting point for the international technical textiles and nonwovens industry. Running in parallel, Texprocess will focus on the industrial implementation of textile processing technologies as the leading platform in this field. Together, the two trade fairs form a closely integrated presentation and working platform along the entire textile value chain – from material development to finished applications.

Between geopolitical pressure and industrial resilience

In this interview, Dr. Janpeter Horn (VDMA) discusses the current challenges facing textile machinery manufacturers, shaped by geopolitical tensions, regulatory developments and subdued investment. He also outlines why innovation strength, integrated solutions and strategic positioning remain key to global competitiveness.

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.

Trützschler and Wisdom-Greentech held a signing ceremony for the ultra-high-speed 4.2m Air-Through Bonding (ATB) line

On May 20, 2026, Trützschler and Wisdom-Greentech, a Chinese customer specializing in high-end maternal, infant & child care industry and related disposable nonwoven products, held a signing ceremony for the purchase of a ultra-high-speed 4.2m ATB line in Geneva, Switzerland. This cooperation not only represents a deepened partnership between the two parties in the ATB sector, but also marks a new milestone in production efficiency for the high-end maternal, infant and child care product industry chain. This jointly developed 4.2m ATB line is more than just an investment. It stands as a milestone achievement of Sino-German technological cooperation, empowering the high-end hygiene industry including feminine care, adult care and related disposable nonwoven products, and realizing a dual breakthrough in production capacity and product quality.

Wangjin holdings signs 10th production line agreement with Trützschler – Driving innovation in the eco-friendly nonwovens industry

Wangjin Holdings and Trützschler held a grand signing ceremony for the Pulp X Spunlace Nonwoven Production Line, alongside the successful commissioning ceremony of Line 3 of Zhejiang Jinnuo Medical New Material Technology Co., Ltd., a subsidiary of Wangjin Holdings, in Geneva, Switzerland on May 20, 2026. The newly signed Pulp X production line marks the 10th production line that Wangjin Holdings has introduced from Trützschler. It is not only the strategic implementation outcome of Wangjin Holdings' decade-long deep cultivation and continuous layout in the nonwovens sector, but also demonstrates its unwavering commitment to leading the innovative development of the global eco-friendly nonwovens industry, injecting powerful new momentum into the industry's green transformation.

Trützschler establishes in-depth strategic cooperation with Fujian Leo Group

The strategic cooperation signing ceremony between Trützschler and Fujian Leo Group, a Chinese customer specializing in the R&D, production and sales of personal hygiene products for ten 4.2m Air-Through-Bonding (ATB) lines was grandly held in Geneva, Switzerland. The signing marks a new milestone in the partnership. Leveraging Trützschler’s advanced nonwoven technology, Fujian Leo Group will complete a large-scale production line upgrade, further consolidate its production capacity advantages and strengthen its core competitiveness in the industry.

INDEX 2026: Reicofil introduces RF 5.10 upgrade boosting output by 10 percent

At INDEX 2026, Reifenhäuser Reicofil will present its latest developments for the nonwovens industry under the guiding themes “Grow Together”, “Expand Together” and “Transform Together”. On this occasion, the leading manufacturer of nonwoven machinery will be unveiling two brand-new technology advancements – RF 5.10 upgrade and RF Core – at the show.