Swedish clothing giant Hennes & Mauritz AB (H&M) on Friday reported that net sales for 2023 were up year on year in preliminary results. The group reported net sales of 236.014 billion Swedish kronor ($23 billion), up 6% from previous year’s 223.553 billion kronor. Excluding Russia and Belarus the increase was 8% in kronor and 1% in local currencies. For the fourth quarter, the company registered net sales of 62.629 billion kronor, compared with 62.433 billion kronor last year. Excluding Russia and Belarus the increase was 3% in kronor and decrease of 1% in local currencies. In total, the grou…