H&M up after Q2 sales numbers

H&M Hennes & Mauritz Ab (OMX: HM B) released May 2012 and second quarter sales numbers this morning. In May the sales from comparable units were up by 3% while total sales grew by 12% in local currencies. In the second quarter overall, comparable unit sales grew by 2% and total sales by 12%. They totalled nearly 37 billion SEK including VAT for the 1 March to 31 May quarter. With the Value Added Tax excluded, sales amounted to 31.65 billion, an increase of 15%. The company is due to release its six-month report next Wednesday