1、Annual report 2020H&M GroupWe are a global family of brands with a shared passion to make great fashion and design available to all in a sustainable way.ContentsCEO letter 4H&M Group in brief 6Our brands 8H&M 9H&M HOME 10Weekday 10COS 11&Other Stories 11Monki 12ARKET 12Afound 13Treadler 13Sellpy 13C

2、ustomer experience 15Market overview 16Five year summary 18The H&M share 19Corporate governance report including the board of directors 21Auditors statement on the corporate governance report 34Administration report including sustainability report 36Financial reports 54Group income statement 54Conso

3、lidated statement of comprehensive income 54Group balance sheet 56Group changes in equity 58Group cash flow statement 59Parent company income statement 60Parent company statement of comprehensive income 60Parent company balance sheet 61Parent company changes in equity 62Parent company cash flow stat

4、ement 63Notes to the financial statement 64Signing of the annual report 84Auditors report 86Calendar and contact details 90H&M Hennes&Mauritz ABs annual accounts and consolidated accounts for the financial year 2019/2020 comprise pages 3684.With the collection H&M Conscious Exclusive we are constant

5、ly exploring new creative ways of recycling and reusing materials to create fashion.H&M Conscious Exclusive A/W20 took materials made from various kinds of waste and through innovations and new recycling methods transformed them into beautiful garments and accessories.4CEO letterThe H&M group stands

6、 strong after a very challenging year.We are continuing to manage the negative effects of the pandemic,while also strengthening our customer focus further and driving our transformation at full speed to create the best customer offering and sustainable,profitable growth for the H&M group.The year 20