H&M reports strong February 2012 and Q1 sales numbers

H&M group (OMX: HM B) released February 2012 sales numbers on Thursday. Sales including value added tax increased by 13% in local currencies and 2 percent in comparable units. This is the third month in a row with double-digit gains in local currencies and positive numbers in comparable units. Leap day contorts comparisons somewhat. H&M said that it added approximately 3 percentage points into February 2021 sales.

In the first quarter from 1 December 2011 to 29 February 2012 sales in SEK amounted to 32.5 billion (28.7) including VAT. The increase vs. corresponding quarter last year was 13 percent in local currencies and 3 percent in comparable units. H & M Hennes & Mauritz AB’s stock reacted positively to the news. In the past week the stock advanced almost 5%.