H&M operates more than 1,100 fashion stores worldwide

The firm saw its third-quarter, pre-tax profits rise to 3.32bn kronor ($425m; �240m), from 2.45bn kronor last year.

H&M said that a recent EU trade row over Chinese textile imports would have a minimal impact on its earnings.

The firm recently dropped Kate Moss from an ad deal after the model became embroiled in a drug-taking scandal.

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Millions of Chinese-made bras, trousers and jumpers were impounded at ports across Europe after the EU said China had breached strict quota limits on cheap clothing imports.

Kate Moss was dropped by H&M as the face of a new ad campaign

The dispute was eventually resolved at the beginning of September.

H&M, which buys 30% of its clothing from China, said all of its Chinese-made items had now been delivered to stores.

The company said the trade dispute would have a "negative influence" on its short-term gross profit but "in the longer perspective, it will have no effect on the group's results".

Earlier this month, H&M dropped Kate Moss from a planned advertising campaign, following allegations in a tabloid newspaper that the British model had used cocaine.

Moss had been due to be the face of an H&M range designed by Stella McCartney.

Separately, H&M said it planned to open 70 new stores in the coming three months, mostly in the US, Canada and Germany. The firm currently operates more than 1,100 stores worldwide.