H&M Group has grown its annual sales and profit after a strong end to the year with sales back at pre-pandemic levels.
In the 12 months to 30 November, its net sales climbed by 6% to 199 billion Swedish kronor while pre-tax profit totalled 14.3 billion Swedish kronor.
In 2022 H&M will launch in a number of new markets including Ecuador, Kosovo and North Macedonia, and via franchise in Costa Rica, Guatemala and Cambodia. It will also continue to roll out online with launches in Belarus, Colombia, Kazakhstan, Peru and Ukraine.
H&M is now aiming to double it sales by 2030 whilst halving its carbon footprint. It is expecting sales in local currencies to increase by 20% year on-year in the two-month period to 31 January 2022.
