Profit surged in the first quarter of 2024 compared to the same period of the previous year for Swedish clothing retailer Hennes & Mauritz AB or H&M Group, despite weak net sales, the company reported on Wednesday. Regarding the current trading, H&M said its sales in the period March 1 to 25 increased by 2% in local currencies. Separately, H&M said its nomination committee proposes that Helena Saxon is elected as a new member of the board of directors. It is proposed that Karl-Johan Persson is r