H&M December sales stronger than expected

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The H&M group’s sales including VAT increased by 10 percent in local currencies in December 2015 compared to the same month last year.

The increase was lower than in the same period last year but beat analysts’ expectations of 8.6 percent. The trading shares immediately went up over 3 percent.

The total number of stores amounted to 3,957 on 31 December 2015 compared to 3,537 on 31 December 2014.