Net sales in local currencies increased by 11 % in the fourth quarter 2021, i.e., in the period 1 September 2021 to 30 November 2021, compared with the corresponding period last year. For the 2021 financial year net sales increased by 12 % in local currencies. Converted to SEK, net sales increased by 8 % to SEK 56,813 million (52,549 million) in the fourth quarter 2021. For the full-year 2021 net sales increased by 6 % to SEK 198,967 million (187,031) million.
The H&M group’s strong recovery continues. Customers are showing that they appreciate the collections and being able to shop where, when and how they choose. Despite continued restrictions and the negative consequences of the pandemic, the H&M group’s sales in local currencies were back at the same level as in the fourth quarter of 2019. At the beginning of the quarter around 100 stores were temporarily closed, mainly in South-East Asia. At the end of the quarter around 115 stores remained temporarily closed, mostly in Austria and Slovakia.
The amounts are provisional and may deviate slightly from the full-year report, covering the period 1 December 2020 – 30 November 2021, that will be published on 28 January 2022.
The full-year report for the 2021 financial year, i.e., 1 December 2020 – 30 November 2021, will be published at 08:00 CET on January 28, 2022.