#Retail & Brands

2024-06-27

H&M Group reports robust Q2 and six-month performance

The H&M Group has reported a robust performance in the second quarter (March 1, 2024 – May 31, 2024), with net sales rising by 3% to SEK 59,605 million. Gross profit surged by 11% to SEK 33,569 million, improving the gross margin to 56.3%. Operating profit increased significantly to SEK 7,098 million, achieving an operating margin of 11.9%. Adjusted operating profit stood at SEK 7,297 million. The result after tax soared by 52% to SEK 4,995 million.

In the first half of the year (December 1, 2023 – May 31, 2024), net sales edged up by 1% to SEK 113,274 million. Gross profit rose to SEK 61,224 million, and the operating profit increased to SEK 9,175 million. Cash flow from operating activities improved to SEK 16,567 million.

H&M has been recognized by Stand.earth for its climate initiatives, receiving the highest score among leading fashion brands. Additionally, the company’s AGM authorized the potential buyback of B shares until the 2025 AGM.

CEO Daniel Ervér highlighted the group's best results in years, emphasizing the company's strong financial position and commitment to sustainable growth. Despite a predicted 6% decrease in June sales due to adverse weather conditions, H&M remains optimistic about continued growth.

Key Highlights:

+ Q2 net sales: +3% to SEK 59,605 million

+ Q2 gross profit: +11% to SEK 33,569 million

+ H1 net sales: +1% to SEK 113,274 million

+ H1 gross profit: SEK 61,224 million

+ Stand.earth recognition for climate efforts

+ Authorization for potential B share buyback

With a focus on customer experience and strategic investments, H&M is poised for profitable and sustainable growth.

From textile waste to spinning-grade fiber: STADLER Group engineers integrated sorting solution for IGERS in Italy

As technology partner, STADLER worked alongside IGERS on its new plant in San Pietro Mosezzo, Novara, from the first process discussions to the final layout – integrating key treatment equipment into one system and supplying the fully automated sorting line. Together, the two companies have taken IGERS' patented textile recycling process from vision to industrial reality.

Aachen Summer School: Textiles become smart through 3D printing and origami

From 21 to 29 September 2026, the Aachen Summer School will transform Institut für Textiltechnik (ITA) of RWTH Aachen University into a laboratory of the future: over the course of a week, students will use origami folding techniques and 3D printing to develop active textile structures capable of performing programmable movements. This interdisciplinary event combines theoretical foundations with practical prototyping – from digital modelling right through to functional textile prototypes.

Trützschler to showcase innovations in spinning preparation and nonwovens at ITMA Asia 2026

From November 20 to 24, 2026, the Trützschler Group will present its latest fiber processing technologies at ITMA Asia in Shanghai, China. At Hall 5.1, Booth D20, the company will showcase solutions designed to increase productivity, simplify operations and improve efficiency across spinning preparation and nonwoven production. Key highlights include the automated can transport system T-CAN, the next-generation card TC 30, innovative card clothing solutions such as STEELTOP and SUPERFLOW, as well as advanced nonwoven technologies for hygiene, wipes and filtration applications.

Circ launches first denim collection with H&M featuring TENCEL™ | Circ® with REFIBRA™ technology

Circ today announced that the first men's denim collection featuring TENCEL™ | Circ® with REFIBRA™ technology is now available at H&M, marking the commercial delivery of this unique pilot project first announced in October 2025. Featuring two styles available across the UK, Scandinavia, Central Europe, Eastern Europe, South Europe, Turkey, North America, Mexico, Canada, and the Middle East, the launch brings TENCEL™ | Circ® with REFIBRA™ technology into H&M's standard men's denim assortment for the first time.

Recover™ secures multi-year recycled cotton agreement with H&M

Recover™ has signed a multi-year agreement with H&M to support the integration of its recycled cotton fiber, RCotton, for use in H&M’s products. Since early 2024, H&M and Recover™ have collaborated on product development, which now enables scaled commercial introduction of Recover™ mechanically recycled cotton into H&M’s collections.

GORE-TEX® KIDSWEAR launches innovative membership scheme for kids’ jackets

With its revolutionary new membership model, GORE-TEX® Kidswear now offers families a simple, flexible and sustainable way of kitting out their children in top-quality jackets. It is aimed at the parents of children aged between five and ten and kicks off with a choice of functional winter jackets.

ROICA™ brings global textile innovation to Functional Fabric Fair Portland

ROICA™, the premium stretch fiber by Asahi Kasei, will make its debut appearance at Functional Fabric Fair Portland on October 27-28, 2026, at the Oregon Convention Center (Stand 256). Bringing together textile developments from partner companies across Europe and Asia, the ROICA™ booth will present a diverse collection of fabric solutions for performance, outdoor, mobility, swimwear, cy-cling, and lifestyle applications.

Toray develops Polyester-Nylon fiber containing at least 93% recycled material by mass

Toray Industries, Inc., announced today that it has developed a polyester-nylon fiber with at least 93% recycled content by mass, based on the total weight of the raw yarn. This percentage applies to the newly developed raw yarn and does not represent the recycled content of the finished fabric or garment.

Mayer & Cie. Global gears up tor ITMA Asia 2026

Mayer & Cie. Global will focus on mattress fabric production at ITMA Asia, taking place in Shanghai from 20 to 24 November 2026. The company will showcase one of its flagship models for this application: the OVJA 2.4 EM. Joining the mattress fabric specialist will be an OV 3.2 QCe, presented at ITMA Asia in a configuration for knitting double-face fabrics in E40. This gives the OV 3.2 QCe a combination of capabilities rarely found in the market. The German textile machinery manufacturer will also introduce its new portfolio strategy and share updates from its development team at its Albstadt headquarters.