HALF-YEAR REPORT 1 December 2001 – 31 May 2002

• Turnover for the H&M Group amounted to SEK 24,706 M (21,391), an
increase of 15 per cent. In comparable currency rates, the increase was
12 per cent.

• Turnover for the second quarter amounted to SEK 13,460 M (11,758),
an increase of 14 per cent compared with the previous year, in
comparable currency rates the increase was 13 per cent.

• Profit after financial items for the half-year was SEK 3,318 M
(2,132), an increase of 56 per cent.

• Profit after financial items for the second quarter was SEK 2,138 M
(1,561), an increase of 37 per cent.

• Strong result improvement in the USA and continued success in
Germany.

Contact persons:

Rolf Eriksen, CEO
+46 8 796 52 33

Carl-Henric Enhörning, IR
+46 8 796 54 10

Leif Persson, CFO
+46 8 796 13 00

Switchboard
+46 8 796 55 00

Information about H&M and press photographs are available at www.hm.com