H&M reports 9 percent sales rise in Q3

For the nine months to August 31, 2018, sales including VAT at Hennes & Mauritz AB (H&M) increased by 3 percent to 178,817 million Swedish krona (20,242 million dollars), while sales excluding VAT amounted to 153,986 million Swedish krona (17,431 million dollars), also an increase of 3 percent. In local currencies, sales including VAT increased by 1 percent. For the third quarter, the group’s sales including VAT increased by 9 percent to 64,800 million Swedish krona (7,335.6 million dollars), while sales excluding VAT amounted to 55,821 million Swedish krona (6,318 million dollars), an increase of 9 percent. In local currencies, sales including VAT increased by 4 percent.