H&M profits rebound as it hails ‘strong’ pandemic recovery

H&M sign

H&M has posted a surge in full-year profits as it hailed a “strong recovery” from the peak of the coronavirus pandemic.

The Swedish fashion giant recorded a profit after financial items of SEK14.3bn (£1.14bn) in the year to November 30, 2021 – a nearly sevenfold increase on the previous year’s earnings of SEK2bn (£163.1m).

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