H&M sales grew 23% in its fiscal first quarter

03 March 2022, Russia, St. Petersburg: A woman walks past a closed H&M in a shopping center in St. Petersburg. Swedish fashion giant H&M suspends its sales operations in Russia until further notice in light of the Ukraine war. Photo: Igor Russak/dpa – Igor Russak / dpa

MADRID, 15 Mar. (EUROPA PRESS) –

Sales of Hennes & Mauritz (H&M) reached between December 2021 and February 2022, the first fiscal quarter for the company, a total of 49,166 million Swedish crowns (4,653 million euros), which represents an increase of 23% compared to of the income recorded in the same period of the preceding year.

The income of the Swedish textile chain in the first three months of its fiscal year registered an improvement of 18% in local currency, the multinational specified.

H&M plans to publish its accounts for the first quarter of its fiscal year on March 31.