The nomination committee of H & M Hennes & Mauritz AB has now completed its work ahead of the annual general meeting on 3 May 2024. The nomination committee proposes that Helena Saxon is elected as a new member of the board of directors and that the following current board members are re-elected: Stina Bergfors, Anders Dahlvig, Danica Kragic Jensfelt, Lena Patriksson Keller, Karl-Johan Persson, Christian Sievert and Christina Synnergren. It is proposed that Karl-Johan Persson is re-elected as chair of the board. Niklas Zennström has declined re-election as he will focus on his own companies
Continue readingH & M Hennes & Mauritz AB Three-month report
First quarter (1 December 2023 – 29 february 2024)
· The H&M group’s net sales amounted to SEK 53,699 m (54,872).
· Gross profit increased by 7 percent to SEK 27,655 m (25,886). This corresponds to a gross margin of 51.5 percent (47.2).
· Operating profit amounted to SEK 2,077 m (725), corresponding to an operating margin of 3.9 percent (1.3). Adjusted for result from investments in associated companies and joint ventures of SEK -14 m (999) the operating profit amounted to SEK 2,091 m (-274), corresponding to an improvement in profit of SEK 2,365 m.
· The result after tax
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