The results mean H&M has not reported a decline since March 2013

The results mean H&M has not reported a decline since March 2013

Swedish fashion giant Hennes & Maurtiz (H&M) has posted solid sales for the month of April that matched analyst expectations, albeit in line with its performance last month.

The company said sales, including VAT, increased by 7% in local currencies during the period, compared to the same month last year. 

In March, growth also climbed to 7%, which was higher than the 3% the retailer saw in February but slightly lower than an 8% increase in January.

The results mark the retailer's 25th month of consecutive growth, having not reported a decline since March 2013. Meanwhile, the total number of stores rose from 4,035 to 4,474 over the year.

The retailer will release its second-quarter report, covering the period from March to May, on 15 June.

Last week, H&M was recognised for its leadership in advancing global supply chain transparency by US independent watchdog Freedom House.

H&M recognised for global supply chain transparency