H&M profits inch up as pandemic store closures drag on performance

H&M sign

Swedish fashion giant H&M has reported growth in both revenues and profits – but it flagged that international coronavirus restrictions continued to slow its growth.

Between December 1, 2020, and August 31, 2021, H&M reported that profits after financial items was SEK8.29bn (£0.70bn), an increase of SEK1.6bn (£0.13bn), while profit after tax was SEK6.38bn (£0.54bn). 

Group revenues in local currencies grew 13% for the period, up to SEK142.10bn (£12.02bn) when converted into Swedish krona. 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

During December, registered users can access 24 free articles in our advent calendar - find it here or on the homepage.

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.