H&M’s nomination committee proposes Helena Saxon as new board member

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

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H & 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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Swedish Wool Revolution: Transforming Discarded Fibers into Sustainable Fashion with Innovative Worsted Yarn

Half of Sweden’s wool is wasted due to excessive vegetable matter, but textile manufacturer Klippan Yllefabrik, in collaboration with The Swedish Wool Initiative led by Axfoundation, offers a solution. Introducing premium worsted yarn crafted from previously discarded Swedish wool, now embraced by multiple prominent fashion brands.

Unlocking new avenues in sustainable fashion, this innovative soft worsted yarn, crafted from previously discarded Swedish wool, offers fashion brands access to high-quality, biobased, and recyclable material. Photo: Axfoundation and Klippan Yllefabrik.

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