This corresponds to an working margin of 6.4%.
Gross revenue was additionally down on the Swedish retailer, which owns H&M, Monki, & Different Tales, Arket, and Weekday, falling 4% to SEK 58.6bn (£4.5bn). This corresponds to a gross margin of 52.3%.
Transformed into SEK, the group’s web gross sales fell 1% to SEK 112bn (£8.6bn).
On the finish of the second quarter (1 March to 31 Might 2025) the group had 4% fewer shops in contrast with the identical cut-off date final 12 months.
The group’s gross sales in June 2025 are anticipated to extend 3% 12 months on 12 months. The gross sales improve of three% is impacted by a adverse calendar impact of round one share level.
H&M Group CEO Daniel Ervér stated: “Our plan, with its deal with the product providing, the purchasing expertise and model, is once more confirmed by the progress we see. The constructive growth in vital areas equivalent to on-line, H&M womenswear and H&M Transfer, in addition to continued focus on good price management, will contribute to a worthwhile gross sales growth.
“In unsure occasions with cautious customers we monitor macroeconomic and geopolitical developments intently and constantly adapt each the client providing and the enterprise to satisfy our clients’ wants in one of the best ways. We proceed to strengthen the product providing and the expertise each on-line and in our shops. With a transparent plan, a powerful monetary place, good price management and dedicated workers, we see good alternatives for long-term, sustainable and worthwhile development.”
