H&M Group reported a 9 per cent increase in H1 FY23 net sales to SEK 112.5 billion, but rising raw materials, freight, and energy costs impacted profits. Despite these challenges, the operating profit remained stable at SEK 5.5 billion. In Q2 FY23, the company’s sales rose 6 per cent to SEK 57.6 billion, but operating profit fell to SEK 4.7 billion. Originally Published at Fibre2Fashion
