Operating profit of SEK 2m with an operating margin of 3.9%

  • H&M’s gross profit increased by 7% to SEK 27.6m
  • Net sales decreased to SEK 53.6m in the first quarter
  • Operating profit amounted to SEK 2m with an operating margin of 3.9%
  • Sales from 1-25 March increased by 2% compared to last year
  • H&M published its sustainability report for FY23, showing reductions in greenhouse gas emissions and plastic packaging
  • Helena Saxon appointed as new board member

H&M has revealed a gross profit increase of 7% to SEK 27.6m despite net sales decreasing to SEK 53.6m in the first quarter. The operating profit for the retailer amounted to SEK 2m, corresponding to an operating margin of 3.9%. Sales from 1-25 March increased by 2% in local currencies compared to the same period last year. In addition, H&M published its sustainability report for FY23, which showcased reductions in greenhouse gas emissions and plastic packaging. The report also highlighted the appointment of Helena Saxon as a new board member.

Factuality Level: 9
Factuality Justification: The article provides specific and verifiable information about H&M’s financial performance, sustainability efforts, and future plans. It does not contain any obvious bias, misleading information, or sensationalism. The details presented are relevant to the main topic and are supported by quotes from the company’s CEO and head of sustainability.
Noise Level: 3
Noise Justification: The article provides relevant information about H&M’s financial performance, sustainability efforts, and future plans. It includes specific data on profit margins, sales figures, and sustainability achievements. The quotes from the CEO and head of sustainability add depth to the reporting. The article stays on topic and supports its claims with evidence. Overall, it offers a balanced view of H&M’s current situation and future goals.
Financial Relevance: Yes
Financial Markets Impacted: H&M
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses H&M’s financial performance, including gross profit, net sales, and operating profit. There is no mention of an extreme event.

Reported publicly: www.retailsector.co.uk