H&M Q2 Operating Profit SEK 5.91 Bln
H & M Hennes & Mauritz AB 
HM_B:
Q2 EPS SEK 2.48
Q2 GROSS MARGIN 55.4%
Q2 SALES SEK 56,714 MILLION VERSUS. IBES ESTIMATE SEK 57,014 MILLION
Q2 NET INCOME SEK 3,962 MILLION
Q2 OPERATING PROFIT SEK 5,914 MILLION VERSUS. IBES ESTIMATE SEK 5,880 MILLION
SALES IN LOCAL CURRENCIES INCREASED BY 1 PERCENT IN Q2
SALES IN MONTH OF JUNE 2025 ARE EXPECTED TO INCREASE BY 3 PERCENT IN LOCAL CURRENCIES COMPARED WITH SAME MONTH PREVIOUS YEAR
JUNE'S SALES INCREASE OF 3 PERCENT IS IMPACTED BY A NEGATIVE CALENDAR EFFECT OF AROUND ONE PERCENTAGE POINT.
HIGHER PURCHASING COSTS EXPLAIN INCREASE IN STOCK-IN-TRADE COMPARED WITH PREVIOUS YEAR
COST OF MARKDOWNS IN RELATION TO SALES IN THIRD QUARTER IS EXPECTED TO BE SOMEWHAT HIGHER COMPARED WITH CORRESPONDING QUARTER THE PREVIOUS YEAR
NET STORE CLOSURES DURING Q2 AMOUNTED TO 47
MORE EXPENSIVE US DOLLAR AND HIGHER FREIGHT COSTS
NEGATIVE EXTERNAL FACTORS THAT INCREASED COST OF PURCHASING FOR H1 ARE TURNING TO POSITIVE FOR H2
JUST OVER 200 STORES ARE SCHEDULED FOR CLOSURE DURING 2025, MAINLY IN ESTABLISHED MARKETS
