Home Street Fashion Swedish firm H&M’s net sales soar 6% in FY23

Swedish firm H&M’s net sales soar 6% in FY23

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H&M’s FY23 net sales rose 6 per cent to SEK 236,035 million.
Portfolio brands grew 15 per cent in SEK.
Gross profit increased 7 per cent to SEK 120,896 million, and operating profit surged to SEK 14,537 million.
The company’s earnings per share rose to SEK 5.35.
Q4 FY23 saw net sales of SEK 62,650 million, and gross profit was up 8 per cent.H&M’s FY23 net sales rose 6 per cent to SEK 236,035 million.
Portfolio brands grew 15 per cent in SEK.
Gross profit increased 7 per cent to SEK 120,896 million, and operating profit surged to SEK 14,537 million.
The company’s earnings per share rose to SEK 5.35.
Q4 FY23 saw net sales of SEK 62,650 million, and gross profit was up 8 per cent.

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