Hennes & Mauritz Total February Sales Increase By 11%

Swedish fashion retailer Hennes & Mauritz AB (HM-B.SK) said Monday its total sales in February, including VAT, increased by 11% in local currencies compared with the same month last year.

 
   MAIN FACTS: 

-Analysts polled by Dow Jones Newswires had on average expected a 13.8% sales increase in February.

-The total number of stores increased by 13.3% on year, and amounted to 3,192 at the end of February, up from 2,818 on Feb. 28, 2013.

-Sales including VAT in the first quarter of H&M's financial year 2013/2014, i.e. Dec. 1, 2013 to Feb.28, 2014, increased on year by 13%, to SEK37.52 billion from SEK33.15 billion.

-First-quarter sales excluding VAT increased to SEK32.14 billion from SEK28.39 billion.

-Shares closed Friday at SEK281.20, valuing the company at SEK465.4 billion.

Write to Niclas Rolander at [e-mail]; Twitter: @WSJNordics

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