H & M Hennes & Mauritz AB Full-year report

Full-year (1 December 2016 – 30 November 2017)

  • The H&M group continued to grow globally in 2017. Sales including VAT increased by 4 percent to SEK 231,771 m (222,865) in the financial year. Sales increased by 3 percent in local currencies. Sales excluding VAT amounted to SEK 200,004 m (192,267).
  • Gross profit increased to SEK 108,090 m (106,177). This corresponds to a gross margin of 54.0 percent (55.2).
  • Profit after financial items amounted to SEK 20,809 m (24,039). The group’s profit after tax amounted to SEK 16,184 m (18,636), corresponding to SEK 9.78 (11.26) per share.
  • A total of 479 (497) stores were opened and 91 (70) stores were closed, resulting in a total net addition of 388 (427) new stores.
  • During the year eight new H&M online markets and five new H&M store markets were opened.
    At the end of the financial year the H&M group had 69 sales markets of which 43 with online.

Fourth quarter (1 September 2017 – 30 November 2017) 

  • The H&M group’s sales including VAT amounted to SEK 58,481 m (61,098), a decrease of 4 percent. In local currencies, the decrease was 2 percent. Sales excluding VAT amounted to SEK 50,407 m (52,720).
  • Gross profit amounted to SEK 27,929 m (30,027), corresponding to a gross margin of 55.4 percent (57.0).
  • Profit after financial items amounted to SEK 4,873 m (7,409). The group’s profit after tax amounted to SEK 3,993 m (5,914), corresponding to SEK 2.41 (3.57) per share. The weak sales development within the H&M brand’s physical stores lead to increased markdowns and handling costs which had a negative impact on the result in the quarter.
  • The board of directors proposes an unchanged dividend of SEK 9.75 (9.75) per share for the 2016/2017 financial year, to be paid out on two occasions in 2018. In view of continued high investments in areas such as digitalisation, the board of directors is to investigate the possibility of offering all shareholders an opportunity to reinvest the dividend received in newly-issued H&M shares.
  • Sales including VAT in the period 1 December 2017 to 31 January 2018 are expected to increase by 1 percent in local currencies compared to the corresponding period the previous year.
  • A continued roll-out of H&M’s online store is planned to another four markets during the financial year 2017/2018: India, and via franchise to Saudi Arabia and the United Arab Emirates. Kuwait was opened in December 2017 via franchise.
  • In 2018 the H&M group plans to open approximately 390 new stores and approximately 170 store closures are planned, resulting in a net addition of approximately 220 stores. New planned H&M store markets are Uruguay and Ukraine.
  • Afound – new brand in 2018. Afound will be an off-price marketplace offering products from well-known and popular fashion and lifestyle brands, both external brands and those from the H&M group. It will be launched in Sweden, with a first store in Stockholm opening in parallel with a digital marketplace in Sweden.
  • H&M and H&M Home will open on Tmall, the world’s largest e-commerce platform, in March 2018

Comments by Karl-Johan Persson, CEO

Accelerating our transformation in a rapidly changing industry
The fashion industry is changing fast. At the heart of the transformation is digitalization and it is driving the need to transform and re-think faster and faster. This is presenting many challenges but we believe we are well-placed to adjust to the new dynamics and take advantage of the opportunities in front of us.

Part of this opportunity is to do with the size of the market. While the H&M group is a big player, our market share is still relatively small. It is also a growing market. So, while the H&M group has come a long way, we are most excited by the distance we still have to go and our fitness for the opportunities ahead.

Our performance during 2017 was mixed, with progress in some areas but also difficulties in others. We delivered growth of 3 percent in 2017 which is clearly below our expectations. In the fourth quarter our sales overall decreased by 2 percent in local currencies. Our online sales and our newer brands performed well but the weakness was in H&M’s physical stores where the changes in customer behaviour are being felt most strongly and footfall has reduced with more sales online. In addition, some imbalances in certain aspects of the H&M brand’s assortment and composition also contributed to this weaker result.

But our performance does need to be seen in the wider context of the transformation that the industry is going through. Underneath the disappointing recent performance, we see reasons for optimism and good learnings but we need to accelerate the transformation even more.

We have three main action areas:

Be restless around the core

  • We must always have the best across product assortment and mix, look, value for money and sustainability. The best customer offering always wins.
  • Our physical stores must offer a more inspiring and convenient customer experience, and be more customized to local needs.
  • The digital store is a process that should never settle. The offering needs to be constantly improved and broadened to ensure it maximizes engagement and sales.
  • We are integrating our physical and digital stores to offer our customers a great shopping experience with services ranging from Click and Collect to Scan and Buy and online returns in store.

Invest in the enablers – new technology and ways of working

  • The efficiency of our supply chain has always been a strength but it must mirror our customers’ fast-changing needs. We are investing further to get even faster, more flexible and more responsive.
  • We will invest even more in analytics and intelligence. We see huge potential across the board from assortment planning to supply chain and sales.
  • We will continue to invest in our tech foundation. This includes: building scalable, robust platforms; faster development of consumer-facing apps; and broadening our use of technologies like Cloud, RFID and 3D.

Drive growth – both traditional and new

  • The H&M group is developing new brands for new needs and new segments – we now have eight brands that are all scalable – and we will soon launch our ninth brand, Afound.
  • Our expansion across digital will accelerate. We will be broadening our assortments, rolling out digital to new markets and linking to new platforms, like Tmall for mainland China.
  • We will continue to open new stores – there is still significant growth capacity in physical stores in many regions and countries.
  • We will constantly optimize and refine our physical store portfolio. There is still potential for strong growth in some regions whereas in others we can get a better balance by reducing store space.
  • We constantly work on new ideas and innovations that will drive us forward – and there are many in our pipeline for 2018 and the years to come.

All in all, we feel 2017 was a year where we made more steps forward and did more groundwork for the future, but we have also made some mistakes that have slowed us down. The industry changes are challenging everyone and this will continue in 2018. The new fashion landscape requires skills and resources to adapt and seize the new opportunities. In particular the ability to take a long-term view and to navigate through some inevitable turbulence. By long-term investments, we have built a solid platform for many years of continued growth.

On our Capital Markets Day February 14, 2018, we will tell you more about our transformation and what we see going forward for the H&M group and our continued growth.

Contact
Nils Vinge, head of IR +46 8 796 52 50
Karl-Johan Persson, CEO +46 8 796 55 00 (switchboard)
Jyrki Tervonen, CFO +46 8 796 55 00 (switchboard)

Invitation to press and telephone conference in conjunction with the full-year report is available on about.hm.com.

H & M Hennes & Mauritz AB (publ)
SE-106 38 Stockholm
Phone: +46 8 796 55 00, Fax: +46 8 24 80 78, E-mail: info@hm.com
Registered office: Stockholm, Reg. No. 556042-7220

Information in this full-year report is that which H & M Hennes & Mauritz AB (publ) is required to disclose under EU Market Abuse Regulation (596/2014/EU) and Sweden’s Securities Market Act. The information was submitted for publication by the abovementioned persons at 8.00 (CET) on 31 January 2018. This full-year report and other information about H&M, is available at about.hm.com.

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories and H&M Home as well as ARKET. The H&M group has 44 online markets and more than 4,700 stores in 69 markets including franchise markets. In 2017, sales including VAT were SEK 232 billion. The number of employees amounts to more than 171,000. For further information, visit about.hm.com.

今日头条:斯德哥尔摩恐怖袭击者正式受起诉可获终生监禁

北欧绿色邮报网报道(记者陈雪霏)– 昨天,瑞典警方发布消息宣布对2017年4月7日发生在斯德哥尔摩王后大街的恐怖袭击者阿基洛夫的调查结果,并立即对其提起诉讼。预计,恐袭者可能获得终生监禁。对他的判决将在2月13日进行。那么,恐袭者的动机是什么,到底为什么会发生此事,怎么发生的?

警方发布的新闻说,经过9个多月的调查,采访了1700多人,调用了摄像头中录制的1000多个线索,他们写了一份9000多页的调查报告。本次调查采用了新的调查方法,“家庭联络官”的方法。让经过特殊训练的警官与受害者家属和朋友联系进行调查。这是针对严重犯罪案件采用的方法。

                                     目标是杀死40-50人

根据警方的调查报告和瑞典媒体的综合报道,乌兹别克斯坦人,39岁的阿基洛夫的目标是要杀死40到50人,动机就是对北约和欧洲国家对叙利亚IS的轰炸的报复。他要报复瑞典参与对叙利亚的武力打击。

据报道,阿基洛夫于去年4月7日早上先到达Slussen地铁站,寻找目标未成,然后,到Odenplan, 大约是下午1:30的时候,他在这里拍了两个视频,发上网。同时,他发誓自己要效忠于IS组织,成为其成员。要向那些不信仰伊斯兰教而杀害穆斯林的人进攻。

警方在回答记者提问时说,单凭这样的说法当时无法对其实行抓捕,除非有这样的专门立法。2点53分警报拉起,因为一个啤酒送货车在教堂附近被劫持并开往王后大街。

根据警方调查报告,空袭作业面积是1.1公里长。他一开始速度比较慢,因为需要对车的功能适应一下,他还和上级通了电话。得到指示就是到人多的地方,目标可以是同性恋酒吧,市中心,海港码头都可以,方式和比利时,德国,彼得堡的方式都差不多,就是开大车到闹市区。

阿基洛夫是在三个月前的元月份就开始准备了以这样的方式来进行。他还准备了炸药。但是,炸弹都不太好用因为温度太低。他说,他原计划的结果就是冲到人多的地方,然后,遭到警察的袭击,最后被警方击毙,他做好了这样的准备。但是,事情发生的与原计划完全不一样。

                             王后大街石狮子立了大功

他沿着王后大街准备以每小时80-90的速度行驶(市内规定50公里/小时,而且王后大街是步行街,没有特殊情况是不许进车的),但是,上了王后大街以后,那里的大水泥狮子成了绊脚石。所以,大车左摆一下,右摆一下,为了躲避狮子。有的狮子身上被大卡车刮出了道道刮痕。

也因为斯德哥尔摩市中心正在修地铁,因此,到了地铁站边上就有了路障,因此,大卡车经过1100米的行驶之后失控,冲进了Ålhens百货大楼里。同时起火,于是,他下了车,进到地铁。他给在Sollentuna的一个朋友打电话。经过警方盘问,那个朋友说,阿基洛夫说他出了点事,需要借钱,但是,朋友说正忙着,没时间,也没钱。阿基洛夫乘火车到马斯达时,警察正在那里等候,立即被抓捕。他的朋友也被当作嫌疑人被抓。后来又被放了。

阿基洛夫被抓以后,他在警方审讯时,没等警方询问就承认说是他干的。他的目的就是要让发生在叙利亚的暴力也发生在欧洲国家,对瑞典参与北约的行动给予报复。他说,他和瑞典人民没有愁。他说他不是一个喜欢暴力的人,也喜欢用和平的方式解决问题。

但是,他和在土耳其的恐怖组织有联系。组织上的指示是进行这种独狼式的自杀性行动。目标国家有丹麦,挪威,瑞典,德国等国家。

虽然瑞典安全局掌握阿基洛夫的对外联络和手机信息,但是,在锁定有犯罪行为之前,也不能完全确认联系人到底是谁。

据报道,阿基洛夫的恐怖袭击造成5人死亡,多人受重伤。根据瑞典法律,很有可能被判处无期徒刑,终身监禁。因为在瑞典没有死刑。

另据报道警察总长埃利亚松将于2月15日辞去署长工作,并于3月5日就任社会保护和预防机构MSB的总长。

去年4月7日恐袭后,人们在1000长的道路上,石狮子上和商场边上的警察上放了大量的鲜花。目前,商场受损的地方已经修葺一新,正常营业。但是,那些石狮子上的划痕还依然在,提醒人们注意恐怖袭击的发生。

图片来源:瑞典警察网。

After the terrorist attack on 7 April – indictment announced

By Xuefei Chen Axelsson

STOCKHOLM, Jan. 31(Greenpost)– The person accused of perpetrating the terrorist attack on Drottninggatan last year will be indicted today. The investigation has been complex, as the crime scene is 1,100 meters long and many witnesses and complainants were present at the scene.

Police resources from NOA (National Operations Department) and from all police regions, primarily Police Region Stockholm, have been involved throughout the investigation.

– We have conducted approximately 1,700 interviews. A 1,100 meter-long crime scene is unique and implies a significant number of witnesses and complainants, says investigator in charge Mikael Wessling, Police Region Stockholm.

A total of 14 individuals were placed in custody, three of them were suspects, of which two have been entirely cleared in the investigation. Approximately 1,000 tips have been processed and substantial amounts of image material from CCTV systems and mobile phones have had to be handled.

– We have analysed a prodigious amount of CCTV footage from Drottninggatan, mainly, but also from the underground. We have also retained and checked private mobile phones, says investigator in charge Göran Häggblad, NOA.

In this investigation, the police have applied the principle of FLO, i.e. “Family Liaison Officer”, which is a new working method at the Swedish Police. This working method involves having specially trained investigators in contacts with victims and their families. The method is used when investigating serious offences, particularly so in relation to murder investigations.

– The FLO investigators have taken care of everything from interviews to a number of practical details. The victims and their families have been continuously updated on the progress of the investigation, says Göran Häggblad.

The preliminary investigation report comprises almost 9,000 pages, and in addition to investigators, analysts, forensic specialists, image processing technicians, IT specialists and NFC staff have participated as well. The police have also worked closely with the Swedish Security Service.

– This has been a resource-intensive investigation and we have had very good cooperation across the entire police organisation in Sweden. We have also enjoyed good cooperation with the Swedish Security Service, says Christer Nilsson, Head of the Investigations Division at NOA.

 

Source: Polisen.se

Sveriges polisen förklarar om terrorattacken 7 april

Av Xuefei Chen Axelsson

STOCKHOLM, Jan. 31(Greenpost)– Sveriges polisen lämnade up medlande igår om terrorattacken 7 april.

” Idag väcks åtal mot den person som är misstänkt för att ha utfört terrorattacken på Drottninggatan den 7 april förra året. Utredningsarbetet har varit omfattande då brottsplatsen är 1100 meter lång, många vittnen och målsäganden befann sig på plats.”

Under utredningsarbetet har polisresurser från Nationella operativa avdelningen, Noa, och samtliga polisregioner, i huvudsak region Stockholm, ingått.

– Vi har hållit ungefär 1700 förhör, en brottsplats på 1100 meter är unikt och innebär bland annat att ett stort antal målsäganden och vittnen, säger Mikael Wessling, utredningsledare, region Stockholm.

Totalt 14 personer har varit frihetsberövade, 3 av dem har varit misstänkta, 2 är helt avskrivna från utredningen. Runt 1000 tips har bearbetats, det har också varit ett gediget bildmaterial från alla övervakningskameror och mobiltelefoner att hantera.

– Vi har analyserat ett enormt material från de övervakningsfilmer som funnits i huvudsak på Drottninggatan och i tunnelbanan, även privata telefoner har tagits om hand och gåtts igenom, säger Göran Häggblad, utredningsledare Noa.

I den här utredningen har polisen tillämpat principen för FLO, som står för ”Family Liaison officer” och som är en ny arbetsmetod inom svensk polis. Den innebär att särskilt utbildade utredare arbetar med kontakten med brottsoffren och deras anhöriga. Metoden används vid grova brott, framför allt i samband med mordutredningar.

– FLO-utredarna har hållit i allt från förhör till vissa praktiska detaljer, och brottsoffer och deras anhöriga har fått kontinuerlig information om hur utredningen har gått framåt, säger Göran Häggblad

Förundersökningsprotokollet innefattar nästan 9000 sidor, och utöver utredare har bland annat analytiker, tekniker, bildbearbetare, IT-specialister och personalresurser på NFC deltagit.

– Det har varit ett resurskrävande utredningsarbete, och vi har haft väldigt bra samarbete inom hela polisen i Sverige. Vi har också haft bra samverkan med Säkerhetspolisen, säger Christer Nilsson, chef för utredningsenheten på Noa.

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