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    <label xlink:label="label_hm_ifrs-fullIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_Total" id="hm_ifrs-fullIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Skatt hänförlig till säkringsreserv</label>
    <label xlink:label="label_hm_ifrs-fullOtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_Total" id="hm_ifrs-fullOtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Omvärdering av finansiella tillgångar</label>
    <label xlink:label="label_hm_ifrs-fullOtherComprehensiveIncomeAttributableToOwnersOfParent_Total" id="hm_ifrs-fullOtherComprehensiveIncomeAttributableToOwnersOfParent_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Övrigt totalresultat</label>
    <label xlink:label="label_hm_ifrs-fullOtherComprehensiveIncomeAttributableToNoncontrollingInterests_Total" id="hm_ifrs-fullOtherComprehensiveIncomeAttributableToNoncontrollingInterests_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Övrigt totalresultat</label>
    <label xlink:label="label_hm_ifrs-fullDividendsPaid_Total" id="hm_ifrs-fullDividendsPaid_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Utdelning</label>
    <label xlink:label="label_hm_ifrs-fullPurchaseOfTreasuryShares_Total" id="hm_ifrs-fullPurchaseOfTreasuryShares_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Återköp av aktier</label>
    <label xlink:label="label_hm_hmInloesenAvAktier_Standard" id="hm_hmInloesenAvAktier_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Inlösen av aktier</label>
    <label xlink:label="label_hm_ifrs-fullIncreaseDecreaseThroughAppropriationOfRetainedEarnings_Total" id="hm_ifrs-fullIncreaseDecreaseThroughAppropriationOfRetainedEarnings_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Fondemission</label>
    <label xlink:label="label_hm_ifrs-fullIncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent_Total" id="hm_ifrs-fullIncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Transaktioner med innehav utan bestämmande inflytande</label>
    <label xlink:label="label_hm_ifrs-fullIncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_Total" id="hm_ifrs-fullIncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Transaktioner med innehav utan bestämmande inflytande</label>
    <label xlink:label="label_hm_ifrs-fullIncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_Total" id="hm_ifrs-fullIncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Skatt hänförlig till omvärderingar avseende förmånsbestämda pensionsplaner</label>
    <label xlink:label="label_hm_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Total" id="hm_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Kassaflöde från den löpande verksamheten före förändring av rörelsekapitalet</label>
    <label xlink:label="label_hm_ifrs-fullCashFlowsFromUsedInOperatingActivities_Total" id="hm_ifrs-fullCashFlowsFromUsedInOperatingActivities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">KASSAFLÖDE FRÅN DEN LÖPANDE VERKSAMHETEN</label>
    <label xlink:label="label_hm_hmInvestmentsLeaseholdSimilarRights_Standard" id="hm_hmInvestmentsLeaseholdSimilarRights_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Investeringar i hyresrätter och liknande rättigheter</label>
    <label xlink:label="label_hm_ifrs-fullCashFlowsFromUsedInInvestingActivities_Total" id="hm_ifrs-fullCashFlowsFromUsedInInvestingActivities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Kassaflöde från investeringsverksamheten</label>
    <label xlink:label="label_hm_ifrs-fullCashFlowsFromUsedInFinancingActivities_Total" id="hm_ifrs-fullCashFlowsFromUsedInFinancingActivities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Kassaflöde från finansieringsverksamheten</label>
    <label xlink:label="label_hm_ifrs-fullIncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_Total" id="hm_ifrs-fullIncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Årets kassaflöde</label>
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