Key facts
- H&M's operating profit increased 23% to 6.04 billion Swedish kronor in the third quarter.
- Third-quarter revenue was 57.19 billion Swedish kronor, a slight increase from 57.02 billion a year ago.
- CEO Daniel Ervér is implementing efficiency changes to improve sales responsiveness.
- US tariff refunds contributed to the profit boost.
H&M Group reported a stronger-than-expected third-quarter operating profit, with a 23% increase to 6.04 billion Swedish kronor (535 million euros). This profit boost was attributed to cost savings, more efficient sourcing, and US tariff refunds. However, the Swedish fashion retailer's revenue remained virtually unchanged, coming in at 57.19 billion Swedish kronor (5.07 billion euros) compared to 57.02 billion Swedish kronor (5.05 billion euros) a year earlier. At constant exchange rates, revenue grew by 1%.
CEO Daniel Ervér acknowledged the need for improvement, particularly on the sales side, and is driving efficiency changes to enable faster responses to market trends.