H&M: back to profit in Q4
Quarterly operating profit more than quintupled from SEK 821 million to SEK 4332 million, with an operating margin of 6.9% versus 1.3% a year earlier.
Quarterly profit after tax came to SEK 1,576 million, compared with a loss of SEK 864 million a year earlier, corresponding to EPS of SEK 0.97, versus SEK -0.53 a year earlier.
For the full year 2023, H&M sees net sales rise by 6% to SEK 236 bn from SEK 223 bn twelve months earlier, with annual profit after tax up 145% to SEK 8723 m from SEK 3566 m in 2022.
EPS is thus 5.35 SEK vs. 2.16 SEK in 2022.
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