Net income for the financial year that ran until December 1, from 19.9 billion kronor to 20.9 billion kronor (2.3 billion euros), reports H & amp; M Thursday . The turnover amounted to 210 billion kronor, compared with 177 billion a year earlier.
The higher sales and profits were due largely to the opening of more than four hundred new stores and expansion of the activities online. H & amp; M now has more than 3,900 stores in 61 countries and maintains an annual growth of the store base from 10 to 15 percent
In the Netherlands, there were four stores were added, but sales dropped in spite of one percent. back. The retailer had on December 1 139 branches in the Netherlands
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