Stockholm, Sweden (BBN)– The H&M Group total sales including VAT increased by 11 percent in local currencies in February last compared to the same month last year.

In the first quarter, i.e. 1 December 2013 to 28 February 2014, sales increased by 12 percent including VAT in local currencies compared to the corresponding quarter last year, a company statement said on Monday.

Sales in the first quarter converted into SEK increased by 13 percent and amounted to SEK 37,524 m (33,146) including VAT. Sales excluding VAT amounted to SEK 32,143 m (28,392).

The total number of stores amounted to 3,192 on 28 February 2014 versus 2,818 on 28 February 2013.

BBN/SSR/AD-17Mar14-2:16 pm (BST)