H&M (HNNMY) Reports Q1 Sales Growth Amid External Challenges

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Mar 27, 2025
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H&M Group (HNNMY, Financial) recorded a 3% rise in net sales, reaching SEK 55,333 million in the first quarter. However, the operating profit stood at SEK 1,203 million with a 2.2% margin. For March 2025, a 1% sales increase in local currencies is anticipated compared to the previous year. The company expects the negative impact from external factors and markdowns to diminish in the second quarter. Despite a challenging backdrop, H&M shares fell by 1.6% in early London trading.

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