Sales development, November

Turnover for the H&M Group increased in November 2003 by 4 per cent compared with the corresponding period last year. Calendar adjusted, sales increase amounted to 8 per cent.

Sales of the heavy winter collection, knitwear, coats and jackets, have developed weakly, especially on the German and the Swedish market.

Sales increase per month in per cent excluding currency rate changes:

1999/00 2000/01 2001/02 2002/03

December 19 7 10 16
January 13 22 8 18
February 27 16 16 10
March 5 27 16 8
April 18 15 12 12
May 15 20 11 9
June 7 21 19 8
July 10 18 18 8
August 3 26 16 5
September 22 34 8 6
October 5 18 26 10
November 8 20 14 4
Whole year 12 20 14 9

Sales development in the month of December will be published together with the full year results on 29th January 2004 at 8.30 CET.

Rolf Eriksen
Managing Director

Contact persons:

Carl-Henric Enhörning +46-8-796 5410
Leif Persson +46-8-796 1300