Overview

• Operating profit rose to SEK 4.91 billion for Q3, lifting the operating margin to 8.6% on stronger gross margins and tighter costs.
• Sales increased 2% in local currencies, though reported net sales declined to SEK 57.02 billion due to a stronger krona.
• The company has closed 135 stores over nine months, mostly in Asia, Oceania and Africa, with 21 in Western Europe, and expects further closures.
• Store count fell about 4% to 4,118 locations, with H&M and Monki most affected, while the group opened its first store in Brazil and sees scope to expand in Latin America.
• H&M warned of an increased tariff impact that could weigh on Q4, yet shares climbed roughly 10% in early trading after the results.