The H&M group’s net sales increased by 6 percent to SEK 198,967 million (187,031). Its gross profit increased to SEK 105,006 million (93,544). This corresponds to a gross margin of 52.8 percent (50.0).Profit after financial items increased to SEK 14,300 million (2,052).

The group’s profit after tax increased to SEK 11,010 million (1,243), corresponding to SEK 6.65 (0.75) per share.Cash flow from operating activities increased to SEK 44,619 million (25,900).Financial net cash increased to SEK 17,857 million (208).

In the fourth quarter ended November 30, 2021, H&M group’s net sales increased by 8 percent to SEK 56,813 m (52,549).Gross profit increased by 14 percent to SEK 31,341 m (27,375). Profit after financial items increased by 64 percent to SEK 6,003 m (3,665). The group’s profit after tax increased to SEK 4,621 m (2,485), corresponding to SEK 2:79 (1:50) per share.

The stock-in-trade decreased to SEK 37,306 m (38,209). By 2030, H&M Group aims to double sales while at the same time halving its carbon footprint. It’s profitability is expected to exceed 10 percent over time. It has allocated a capex of SEK 10 billion for this expansion.

In 2022 H&M will launch in six new markets: the first stores will open in Ecuador, Kosovo and North Macedonia, and via franchise in Costa Rica, Guatemala and Cambodia.