Pins matching place:"Mäster Samuelsgatan"

H&M Group's board appointed Daniel Ervér, the 18-year company veteran running its flagship H&M brand, as president and chief executive, succeeding Helena Helmersson, who stepped down after four years in the role.

H&M Group's net sales fell 1% in local currencies to SEK 104.4 billion in the first half of its 2026 financial year, while operating profit excluding one-time restructuring costs rose 14% to SEK 8.1 billion as CEO Daniel Ervér's cost-cutting push widened margins.

H&M Group's nine-month net sales reached SEK 161.6 billion as third-quarter operating profit rose 23% to SEK 6.0 billion, lifted by a one-time benefit from tariffs and goods imports, with CEO Daniel Ervér pointing to further sales potential ahead.

H&M Group is scheduled to publish its full-year report for the 2026 financial year (1 December 2025 - 30 November 2026) on 28 January 2027, the next disclosure on the retailer's own financial calendar after September's tariff-boosted nine-month figures.