logo
  

H&M Group Reports Improved Sales In Q3

Swedish clothing major Hennes & Mauritz AB (HNNMY.PK,HMRZF.PK,HEN.L), on Thursday reported a 3 percent rise in sales for the third quarter, from the same period a year ago.

For the three-month period to August 31, the fashion firm posted sales of SEK 57.450 billion, compared with SEK 55.585 billion reported a year ago.

The company said: "The third quarter got off to a weak start, in common with the industry in many of the group's major markets. Sales improved sequentially during the quarter, with a better start for the autumn collections than last year."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Health services company Cigna Corp. reported Friday higher profit in its fourth quarter reflecting growth in both Evernorth and Cigna Healthcare segments. Adjusted earnings and topline beat market estimates. Looking ahead for fiscal 2023, the company projects adjusted earnings and adjusted revenues to be higher than last year, but below market view. French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity... Chinese electric vehicle manufacturer Xpeng announced the launch of its two latest smart EV models for a number of European markets. Xpeng G9 flagship SUV, and the new P7 sports sedan are now available for order in Denmark, Norway, the Netherlands, and Sweden. Both models are on show at eCar Expo 2023 in Stockholm from February 3 to 5.
Follow RTT