4 May 2022
The Weekly

Sales returned to pre-pandemic levels with profitability at its best of the past few years despite supply chain disruptions and complex geopolitical conditions. Net sales in local currencies had increased by 12% for 2021, with earnings after financial items amounting to 14.3bn Swedish kronor, or 1.45bn dollars. The group plans to ramp up its sustainability drive while at the same time aiming to double its revenues by 2030. In 2021, the company ranked second in the Fashion Transparency Index, which includes 250 fashion brands, and was appointed U.N. Global Compact Lead for its commitment to the initiative.