H&M ‘on track’ as full-year profits and sales rise

H&M chief executive Daniel Ervér said he was confident that the fashion giant is “on track” as full-year profits jumped and sales rose.
The retailer posted a 28% increase in operating profit to £1.2bn (SEK 17.3bn) in the year to 30 November, up from £1.06bn (SEK 14.5bn).
Net sales edged up 1% to £17.1bn (SEK 234.4bn), aided by a 3% increase in fourth quarter revenue to £4.5bn (SEK 62.2bn).
H&M said its final quarter started with strong sales in