In lei, H&M Romania sales rose 30%, according to a report released by the Swedish group. Sales reported by H&M include VAT.
In this period, H&M opened seven new stores in Romania and reached a network of 35 units on the local market.
Between March and May 2014, H&M Romania reported sales worth SEK301 million (EUR33.4 million), up 36%, and opened 5 new stores.
In fiscal year 2013, ended in November, H&M Romania sales exceeded EUR100 million, while its profit was at RON23.6 million (EUR5.4 million), up 52% on the year.
Globally, H&M sales increased 17% in the first half of fiscal year 2014, to SEK81.7 billion (EUR9.7 billion).
H&M was founded in Sweden in 1947 and is listed on NASDAQ OMX Stockholm. The company owns over 3,200 stores on 54 markets.