INTERIM REPORT 1 December 2000 – 31 August 2001

• H&M’s Group turnover amounted to SEK 32,356 M, an increase of 27
per cent. In comparable currency rates the increase was 18 per cent.

• Turnover for the third quarter amounted to SEK 10,965 M, an
increase of 34 per cent compared with last year. In comparable currency
rates the increase was 22 per cent.

• Increased market shares in every country.

• Profit after financial items was SEK 3,378 M, an increase of 29 per
cent.

• Third quarter profit after financial items amounted to SEK 1,247 M,
an increase of 56 per cent.

• Good stock level in relation to turnover development.

• Expansion plan maintained, approximately 38 new stores in Q4, of
which 10 in the USA.

• The autumn collection has been well received. Good start of the
fourth quarter.

Contact persons:

Rolf Eriksen
+46 8 796 5233

Carl-Henric Enhörning
+46 8 796 5410

Leif Persson
+46 8 796 1300

H&M switchboard
+46 8 796 5500

Background information about H&M and press pictures may be found on
www.hm.com