H&M Double Digit Growth For 5 Consecutive Months

The second largest clothing retailer in the world

Yesterday, it announced that its global tax sales in February accounted for 15% year-on-year growth in the local exchange rate, an increase of 13% over market expectations and double-digit growth for 5 consecutive months.

Hennes & Mauritz AB (HMb.ST) opened 1.6% higher on Monday and reported 347.3 Swedish kronor.

In the 2015 fiscal year ended February 28, 2015, the group contained tax.

According to the local exchange rate, an increase of 15% was also recorded, converted to SEK after a total of 46 billion 791 million SEK, an annual increase of 24.7%.

After tax, sales of SEK 40 billion 276 million, SEHK 39 billion 200 million higher than market expectations, increased by 25.3% from 32 billion 143 million kronor in the same period of the previous year.

Societe Generale SA (SOGN.PA), Anne Critchlow, analyst at Xing Xing bank, pointed out that the latest data showed that the group was in the same store in the first quarter.

For 6%, she strongly recommended that "hold" the stock.

By the end of the season, the total number of stores in the group reached 3551, compared with 3192 in the same period last year.

At the time of the deadline, Hennes & Mauritz AB (HMb.ST) expanded to 2.34% in early trading, at 349.70 Swedish kronor.