The Swedish clothing group reported a profit of 6,8 billion kroner (almost a billion dollars) compared to 7,18 billion a year ago.
Hennes & Mauritz, better known as H&M, the world's second largest fashion retailer, reported a surprise decline in the fourth quarter of 2011.
The Swedish clothing group's profit was 6,8 billion kroner (nearly $1 billion), down on the previous year's 7,18 billion, e worse than expected of analysts.
Il gross operating margin it decreased to 61,9% compared to 63,2% in 2010 and against a forecast of around 62,5%.
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