H&M speeds up and grows 12% in third quarter

H&M in the rise. The Swedish fashion giant, number two in the world by revenue, has closed its quarter ended august 31 with an increase of 12%. In its revenue.

The company, that will share its full third quarter results next October 3, has stated in a press release that the good performance of its sales is due to a positive summer season and a rise in its market share. 

In this sense, the company has stated that it’s in the right path in its transformation plan to reach clients expectations. 

H&M ended the first half of its fiscal year with a net benefit of 509.5 million euros,10.4% less than the same period last year. Its revenue, on the other hand, rose 10.6%, up to 10.2 billion euros.