In this period, H&M opened seven new stores in Romania, reaching a network of 35 units on the local market, the company said in a statement Thursday.
Expressed in lei, sales increased 35%.
In the third fiscal quarter, June-August, the retailer’s sales in Romania grew 50%, to SEK315 million (EUR34.3 million), from SEK210 million in the same period in 2013.
At group level, H&M sales (including VAT) grew 18% in the first three fiscal quarters, to nearly SEK127 billion (EUR13.83 billion). In the third fiscal quarter, sales rose 21%, to SEK45.2 billion (EUR4.92 billion).
H&M’s profit after tax rose to SEK13.7 billion (EUR1.49 billion) in December-August and SEK5.29 billion (EUR575.9 million) in June-August.
H&M (Hennes&Mauritz) was founded in Sweden in 1947 and is listed on NASDAQ OMX Stockholm. H&M has over 2,600 stores in 47 markets, including franchised units.