H&M posts Q1 sales increase of 23 percent

Swedish fashion retailer H&M's net sales in local currencies increased by 18 percent in the first quarter February 28, 2022, compared with the corresponding period last year.

Converted to SEK, the company said in a release, net sales increased by 23 percent to 49,166 million Swedish krona.

The company will publish its three-month report on March 31, 2022.