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H&M SET ON GROWTH DESPITE POOR SUMMER
HENNES & Mauritz pledged to push on with its aggressive expansion despite yesterday reporting its fourth consecutive fall in quarterly profits, as the strong Swedish currency and wet summer weather depressed sales in several key markets. Net sales for the third quarter were flat at SKr26.9bn (£2.5bn) while net profits fell 15.4 per cent to SKr3.6bn.