DOW JONES NEWSWIRES
Retailer Hennes & Mauritz (HM-B.SK) said Monday its November
sales including VAT increased by 21% in local currencies in
November, compared with the same month last year due to positive
calendar effects and favorable weather.
MAIN FACTS:
-Analysts had expected total November sales to be up 12.9%.
-Sales in comparable units increased by 10%. Comparable units
comprise store, internet and catalogue sales in countries that have
been in operation for at least a financial year. Analysts had
expected comparable November sales to be up 3.5%.
-In the fourth quarter of 2013, Sept. 1 to Nov. 30, sales
including VAT increased by 13% in local currencies compared with
the corresponding quarter last year. Sales in comparable units
increased by 3% in the fourth quarter.
-Sales in the fourth quarter converted into Swedish krona
amounted to SEK42.6 billion ($6.48 billion), up from SEK37.9
billion including VAT.
-Sales in the fourth quarter excluding VAT amounted to SEK36.5
billion, up from SEK32.5 billion. Analysts had forecast
fourth-quarter sales excluding VAT of SEK36.02B.
-The total number of stores amounted to 3,132 Nov. 30, 2013,
compared with 2,776 Nov. 30, 2012.
-The sales figures for the fourth quarter have not yet been
audited by the company's accountants. The percentage sales
development for the month of December will be published on Jan. 15,
2014 and the full-year report for the financial year 2012/2013 will
be published Jan. 30, 2014.
-Shares closed at SEK278.50 Friday.
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