H&M: annual net profit divided by ten, one-third stores currently closed



Published on

January 29, 2021

Swedish ready-to-wear giant H&M announced an annual net profit on Friday, split by ten due to the impact of the epidemic, once again affecting the group, with some 5,000 stores currently closed .


During its short-term annual fiscal year (December – November), the clothing heavyweight achieved a net profit of 1.24 billion crowns (about 120 million euros), down by 90%, 20% to 187 billion crowns net. Business was done.

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