In the previous fiscal year, December 1-November 30, the company’s sales in Romania stood at SEK311 million, translating into a 92% growth in kronas and a 107% growth in Romanian lei.
In the fourth fiscal quarter (September-November), H&M sales in Romania increased 41% on the year, from SEK138 million to SEK195 million (EUR22.7 million).
H&M opened eight stores in Romania between December 2011 and November 2012, reaching a total of 19 stores, three of which were open in the fourth fiscal quarter.
H&M’s worldwide sales increased 10% in the fiscal year 2012, from SEK110 billion t SEK120.8 billion (EUR14 billion), while the company’s net profit increased from SEK15.8 billion to SEK16.8 billion (EUR1.9 billion).
H&M was founded in Sweden in 1947 and is listed on the Stockholm NASDAQ OMX. The retailer has over 2,600 stores in 47 markets, including franchised units. (EUR1=SEK8.59)