DOW JONES NEWSWIRES 
 

Retailer Hennes & Mauritz (HM-B.SK) said Monday its November sales including VAT increased by 21% in local currencies in November, compared with the same month last year due to positive calendar effects and favorable weather.

 
   MAIN FACTS: 

-Analysts had expected total November sales to be up 12.9%.

-Sales in comparable units increased by 10%. Comparable units comprise store, internet and catalogue sales in countries that have been in operation for at least a financial year. Analysts had expected comparable November sales to be up 3.5%.

-In the fourth quarter of 2013, Sept. 1 to Nov. 30, sales including VAT increased by 13% in local currencies compared with the corresponding quarter last year. Sales in comparable units increased by 3% in the fourth quarter.

-Sales in the fourth quarter converted into Swedish krona amounted to SEK42.6 billion ($6.48 billion), up from SEK37.9 billion including VAT.

-Sales in the fourth quarter excluding VAT amounted to SEK36.5 billion, up from SEK32.5 billion. Analysts had forecast fourth-quarter sales excluding VAT of SEK36.02B.

-The total number of stores amounted to 3,132 Nov. 30, 2013, compared with 2,776 Nov. 30, 2012.

-The sales figures for the fourth quarter have not yet been audited by the company's accountants. The percentage sales development for the month of December will be published on Jan. 15, 2014 and the full-year report for the financial year 2012/2013 will be published Jan. 30, 2014.

-Shares closed at SEK278.50 Friday.

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