#Textiles & Apparel / Garment

2021-03-18

The H&M group’s sales development in the first quarter and early March 2021

The H&M group´s year-on-year sales devolpment in local currencies during the pandemic

In the first quarter 2021, i.e. in the period 1 December 2020 to 28 February 2021, the H&M group’s net sales decreased by 21 percent in local currencies compared with 1 December 2019 to 29 February 2020. Converted to SEK the group’s net sales amounted to SEK 40,060* m (54,948).

Sales development was significantly affected by the Covid-19 situation, with extensive restrictions and at most over 1,800 stores temporarily closed. Since the beginning of February, a number of markets have gradually allowed stores to reopen and at the end of the quarter around 1,300 stores remained temporarily closed. Online sales have continued to develop very well.

Since Germany, the H&M group’s largest market, and other countries have begun allowing certain stores to reopen, the number of temporarily closed stores in the group amounted to around 900 on 13 March. Sales in the period 1–13 March this year increased by 10 percent in local currencies compared with the same period in 2020.

* The amount is provisional and may deviate slightly from the three-month report, covering the period 1 December 2020 – 28 February 2021, that will be published on 31 March 2021.

Communication in conjunction with the three-month report

The three-month report, i.e. 1 December 2020 – 28 February 2021, will be published at 08:00 CEST on 31 March 2021 and will be followed by a telephone conference at 09:00 CEST for the financial market and media hosted by CEO Helena Helmersson, CFO Adam Karlsson and Head of IR Nils Vinge. The telephone conference will be held in English.

For log in details for the telephone conference please register at http://hmgroup.com

or via this link:

http://emea.directeventreg.com/registration/8156159.

To book interviews with CEO Helena Helmersson, CFO Adam Karlsson and Head of IR Nils Vinge in conjunction with the three-month report on 31 March 2021, please contact: Kristina Stenvinkel, telephone: +46 8 796 39 08, e-mail: stenvinkel@hm.com.

Helena Helmersson, CEO