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#Retail & Brands

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.


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#Techtextil 2026

Performance Apparels: Functional textiles drive innovation at Techtextil 2026

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#Texprocess 2026

Texprocess 2026: Automation, digitalisation and AI reshape textile processing

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#Techtextil 2026

Textile Chemicals & Dyes: Innovation in Textile Chemistry moves into focus at Techtextil 2026

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#Recycling / Circular Economy

textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

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#Recycling / Circular Economy

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

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#Sustainability

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

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#Sustainability

H&M Foundation funds pioneering initiative to build the factories of the future

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#Natural Fibers

Better Cotton Initiative marks World Cotton Day with launch of innovative product label

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#Techtextil 2026

Stylish design made from sustainable materials – two DITF research projects receive Techtextil Innovation Awards

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#Techtextil 2026

Lenzing unveils three-tier cellulosic fiber portfolio for next generation protective wear

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#Techtextil 2026

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#Techtextil 2026

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