The Swedish clothing group H&M more than doubled its net profit in the first quarter (December-February) of its staggered financial year, to 1.2 billion crowns (100 million euros), thanks to tight management of its costs , he announced on Wednesday.
“We are fully focused on developing profitable growth
,” said the group's general director, Daniel Ervér, quoted in a press release.
Turnover, on the other hand, fell by 2%, to 53.7 billion crowns (4.7 billion euros).
More information to come...