H&M doubles its net profit to 100 million euros in the first quarter. The turnover of the Swedish clothing giant, on the other hand, fell by 2%, to 53.7 billion crowns.

“We are fully focused on developing profitable growth,” said the group's general director, Daniel Ervér, quoted in a press release. More information to comeÂ.  ‘We are full of optimism,’ says H&M’s general director.