Tag Archives: H&M

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H & M Hennes & Mauritz AB sees a strong expansion year last year

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By Xuefei Chen Axelsson

STOCKHOLM, Jan. 31(Greenpost)–Swedish garments’ giant H&M has seen a strong expansion year in 2015- 2016 financial year with a total net addition of 427 new stores and 11 new H&M online markets， according to its yearly report issued today.

The H&M group’s sales including VAT increased by 7 percent in local currencies during the financial year. Converted into SEK, sales including VAT increased by 6 percent to SEK 222,865 m (209,921). Sales excluding VAT amounted to SEK 192,267 m (180,861).

Gross profit increased to SEK 106,177 m (103,167). This corresponds to a gross margin of 55.2 percent (57.0).

Profit after financial items amounted to SEK 24,039 m (27,242). The group’s profit after tax amounted to SEK 18,636 m (20,898), corresponding to SEK 11.26 (12.63) per share. Profits during the year were negatively affected by increased mark-downs but also by higher purchasing costs from the strengthened US dollar.

But it saw very strong expansion during the year with a total net addition of 427 (413) new stores and 11 new H&M online markets. At the end of the financial year H&M had 35 online markets and the number of stores amounted to 4,351 in 64 markets.

13,000 new jobs were created in the H&M group in 2016. The number of employees amounted to more than 161,000 (148,000) at the end of the financial year.

Continued strong online development for all brands both as regards sales and profitability.

 

Business, News, World News

Swedish garment giant H & M reports 16 percent profit increase last year

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By Xuefei Chen Axelsson

Stockholm, Jan. 28–Swedish garment giant H & M Hennes & Mauritz AB has reported 16 percent gross profit increase in 2015.

Karl-Johan Persson, CEO of H&M said 2015 has been a very expansive year for the H&M group.

“We have opened 413 new stores net, of which 249 in the fourth quarter, as well as ten new H&M online markets and we have successfully established stores in our new markets of India, South Africa, Peru, Taiwan and Macau. In total, we now have stores in 61 markets and offer online sales in 23 of these.

It published its full year report on Thursday.

Persson said sales have developed well for all our brands: H&M, H&M Home, COS, & Other Stories, Weekday, Monki and Cheap Monday. During the year sales totalled SEK 210 billion including VAT, which is an increase of 19 percent in SEK. In local currencies the increase was 11 percent. Profit for the year after tax increased to SEK 20.9 billion, which is our highest result to date – this despite the fact that the strong US dollar exchange rate has made our purchasing much more expensive.

“Our employees are doing a fantastic job and are decisive for our success. The increase in the financial result for the year means that SEK 75 m has been allocated to the H&M Incentive Program (HIP), which is for all employees in the H&M group. The accumulated value to an employee who has been in the programme since it started five years ago amounts to approximately SEK 45,000 per person*. In 2015 we created 16,000 new jobs within the H&M group and we are now more than 148,000 employees and we plan to employ further thousands of new employees in 2016 since our strong expansion continues.” said Persson.

“Our growth target of increasing the number of stores by 10-15 percent per year with continued high profitability remains intact, In 2016 we plan to open 425 new stores net and open H&M stores in three new markets: New Zealand, Cyprus and Puerto Rico. In addition, H&M plans to offer e-commerce in a further nine existing H&M markets. These countries are Ireland, Japan, Greece, Croatia, Slovenia, Estonia, Latvia, Lithuania and Luxembourg. We are very pleased with the continued strengthening of our online customer offering and developments within our online operations.” said Persson.

“We operate in an industry that is exposed to a lot of competition and are therefore constantly working to develop our customer offering within our different brands which are all based on the idea of giving customers the best combination of fashion, quality, price and sustainability – from each brand’s unique identity. Among other things, we are making substantial long-term investments in order to grasp the opportunities coming from the increased digitalization.
In addition, we are also continuing to broaden the product range further as well as adding more brands to the group. One example of broadening our range is the successful launch of H&M Beauty, which is now in 900 stores in 41 markets and which will continue to be rolled out to a further 300 stores in 2016.” said Persson.

“Sustainability is something that concerns us all and at H&M we have been working on these matters for a long time. We have made lots of improvements and are constantly working on how to improve even further to meet the challenges that we and our industry are facing. A specific example of what we have achieved in 2015 is that we have switched to 100 percent renewable energy in all markets where this is possible. For the group as a whole, this means that around 80 percent of all the energy that we use globally comes from renewable sources; in 2014 this figure was 27 percent. We have also increased the proportion of cotton that comes from sustainable sources, which now represents 31 percent of our total cotton usage (21 percent in 2014). Our goal is that all cotton in our product range will come from sustainable sources by 2020 at the latest.We closely follow developments in the market in each country where we are present. For 2016 we see many opportunities, but are also well aware of the challenges that exist. We firmly believe that our customer offering and our investments will lead to increased market share and strengthen H&M’s position even further in 2016.” said Persson.

The following is the summery of the yearly report.

  • The H&M group’s sales excluding VAT increased by 19 percent to SEK 180,861 m (151,419) during the financial year. In local currencies the increase was 11 percent.
  • Gross profit increased by 16 percent to SEK 103,167 m (89,052). This corresponds to a gross margin of 57.0 percent (58.8).
  • Profit after financial items increased by SEK 1.3 billion and amounted to SEK 27,242 m (25,895), an increase of 5 percent. The group’s profit after tax increased to SEK 20,898 m (19,976), corresponding to SEK 12.63 (12.07) per share, an increase of 5 percent.
  • The profit increase for 2015 has led to SEK 75 m being allocated to the H&M Incentive Program (HIP), which is for all employees.
  • Very strong expansion during the year with a total net addition of 413 (379) new stores and ten new online markets. At the end of the financial year H&M had 23 online markets and the number of stores amounted to 3,924 in 61 markets.
  • More than 16,000 new jobs were created in the H&M group in 2015. The number of employees amounted to more than 148,000 (132,000) at the end of the year.
  • The Board of Directors proposes a dividend of SEK 9.75 (9.75) per share for the 2014/2015 financial year.
  • Sales including VAT in December 2015 increased by 10 percent in local currencies compared to the corresponding month the previous year.
  • Sales including VAT in January 2016 are expected to increase by 7 percent in local currencies compared to the same month last year.
  • The H&M group plans a net addition of around 425 new stores for the 2015/2016 financial year. Most of the expansion will take place in existing markets. New Zealand, Cyprus and Puerto Rico are planned to become new H&M markets. In addition, H&M plans to offer e-commerce in a further nine existing H&M markets.

The information in this full-year report is that which H & M Hennes & Mauritz AB (publ) is required to disclose under Sweden’s Securities Market Act. It will be released for publication at 8.00 (CET) on 28 January 2016. This full-year report, and other information about H&M, is available at www.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 as well as H&M Home. The H&M group has more than 3,900 stores in 61 markets including franchise markets. In 2015, sales including VAT amounted to SEK 210 billion and the number of employees was more than 148,000. For further information, visit www.hm.com.

Business, News

H&M Conscious Exclusive 2016 – Historic art inspires fashion for the future

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Stockholm, Nov. 25(Greenpost)–

H&M has announced a collaboration with the Musée des Arts Décoratifs, located in the Palais du Louvre in Paris to celebrate the new H&M Conscious Exclusive collection. This beautiful new range has been inspired by the archives of the museum, and will be launched on Thursday 7th April to coincide with the opening of the hotly anticipated exhibition, Fashion forward – Three centuries of fashion. H&M is delighted to also reveal that Parisian Art Director, style maven and sustainability champion, Julia Restoin Roitfeld, will be the face of the campaign.

“I am honoured to be the ambassador of such a unique project. I think that the idea of creating a collection inspired by the history of art and fashion is fantastic. Especially since it is made with innovative and sustainable materials which are the future of fashion” says Julia. Known for her distinctive, personal sense of style, Julia is the embodiment of effortless, conscious and modern cool.

For this Conscious Exclusive collection the H&M design team has worked closely with the museum, delving into their collections of archival fashions as well as the work of artists such as Gustave Moreau to find inspiration. The outcome is a glamorous line of modern red carpet pieces infused with tactile charm, a nostalgic aesthetic and a historical legacy.

“With this collection we brought the idea of sustainability to new levels. Working with new innovative materials such as beads and rhinestones made from recycled glass and Denimite, a material made from recycled worn-out denim. We have created contemporary styles imbued with a sophisticated charm” says Ann-Sofie Johansson, Creative Advisor at H&M.

H&M will be the exclusive sponsor of the upcoming exhibition which will include selected styles from the H&M archives, including a look from the first ever H&M designer collaboration with Karl Lagerfeld in 2004 as well as one silhouette from the new Conscious Exclusive collection.

Business

H&M Group’s Sales Increases in September 2015

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Stockholm, Oct. 18(Greenpost)–The H&M group’s sales including VAT increased by 11 percent in local currencies in September 2015 compared to the same month last year.

The total number of stores amounted to 3,733 on 30 September 2015 compared to 3,338 on 30 September 2014.

  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 & Other Stories, Cheap Monday, COS, Monki and Weekday as well as H&M Home. The H&M Group has more than 3,700 stores in 60 markets including franchise markets. In 2014, sales including VAT were SEK 177 billion and the number of employees is more than 132,000.

Business, News, World News

H & M Six-month report shows increases

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H & M Hennes & Mauritz AB Six-month report

STOCKHOLM, June 25(Greenpost) Due to well-received collections for all brands in the H&M group, the H&M group’s sales excluding VAT increased by 23 percent to SEK 86,143 m (69,970) during the first six months of the financial year. In local currencies the increase was 12 percent.
Profit after financial items amounted to SEK 13,158 m (11,129), an increase of 18 percent. The group’s profit after tax increased to SEK 10,066 m (8,458), corresponding to SEK 6.08 (5.11) per share, an increase of 19 percent.

Sales in the period 1 June – 23 June 2015 increased by 14 percent in local currencies compared to the same period last year.

H&M’s first store in Macau was very well received on its opening in June.The H&M group plans a net addition of around 400 new stores for the financial year 2014/2015. In total, H&M will expand its retail stores into five new markets in 2015, Taiwan, Peru, Macau, South Africa and India.

Starting from July 2015, H&M Beauty will gradually be launched in 900 H&M stores in 40 markets as well as online.

“The strong sales development has continued for all our brands with a sales increase in SEK of 23 percent excluding VAT during the first half-year. Including VAT, this means that sales in the first half amounted to more than SEK 100 billion, ” said CEO Karl-Johan Persson.

Profits have also developed well in the first half-year, with an increase of 19 percent – this despite the fact that the increasingly strong US dollar has resulted in increased purchasing costs and that we have continued to increase our long-term investments compared to last year.

In March and April we also opened eight new H&M online markets – Poland, Portugal, Romania, the Czech Republic, Bulgaria, Slovakia, Hungary and Belgium – which were all very well received. With the opening of H&M shop online in Switzerland in the autumn, H&M will have 22 online markets.

In parallel with our online expansion, we are continuing to open stores at a fast pace.

“We are aiming to open approximately 400 new stores net this year. We have had many successful openings so far this year. For example, the opening in Lima, Peru, is one of our strongest ever when it comes to sales. Other places where we have also had great store openings include New York’s Herald Square – we opened the group’s largest store in terms of floor space here in May – and Macau, where we opened in June. Later in the second half of the year we are looking forward to opening in two interesting and large markets – India and South Africa, where we will open in New Delhi and Cape Town.” he said.

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 as well as H&M Home. The H&M group has more than 3,600 stores in 59 markets including franchise markets. In 2014, sales including VAT amounted to more than SEK 176.6 billion and the number of employees was more than 132,000. 

 

Business, News, World News

Svenska H&M Sexmånadersrapport visar ökning

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H & M Hennes & Mauritz AB Sexmånadersrapport

STOCKHOLM, den 25 Juni (Greenpost)–Svenska kläder jätten H&M ABs första sexmånadersrapport visade ökningar, enligt press medellande  från H&M.

H&M omsättning exklusive moms ökade med 23 procent till 86143 million SEK.

Resultatet efter finansiella poster uppgick till 13158 million SEK, en ökning med 18 procent.

Koncenens resultat efter skatt ökade till MSEK 10066, en ökning med 19 procent.

  • Försäljningen under perioden 1 juni – 23 juni 2015 ökade med 14 procent i lokala valutor jämfört med motsvarande period förra året.
  • H&M:s första butik i Macao fick ett mycket bra mottagande vid öppningen i juni. För räkenskapsåret 2014/2015 planerar H&M-koncernen ett nettotillskott om cirka 400 butiker. Sammanlagt tillkommer fem nya H&M-butiksmarknader under 2015: Taiwan, Peru, Macao, Sydafrika och Indien.
  • H&M Beauty lanseras succesivt i 900 H&M-butiker på 40 marknader samt online med start under juli 2015.

”Den starka försäljningsutvecklingen har fortsatt för alla våra varumärken med en försäljningsökning i SEK om 23 procent exklusive moms under första halvåret. Inklusive moms innebär det att försäljningen för första halvåret uppgick till drygt 100 miljarder SEK, kommentade  Karl-Johan Persson, vd

Vi har också haft en bra resultatutveckling under första halvåret, med en ökning om 19 procent. Detta trots att den allt starkare US-dollarn har gett ökade inköpskostnader och att vi fortsatt att öka våra långsiktiga satsningar jämfört med föregående år. Dessa långsiktiga satsningar kostar nu men vi ser dem som avgörande för att bygga ett ännu starkare H&M. Bland annat investerar vi mycket i att kunna vara en naturlig del i kundernas allt mer digitaliserade värld där gränsen mellan att handla online och i fysiska butiker blir allt mer flytande. Vårt mål är att ge kunderna en shoppingupplevelse där online och butikshandel är tätt sammanvävda, vilket stärker vårt kunderbjudande ytterligare.

Under mars och april har vi också öppnat åtta nya H&M-onlinemarknader; Polen, Portugal, Rumänien, Tjeckien, Bulgarien, Slovakien, Ungern och Belgien – vilka samtliga har fått ett mycket bra mottagande. Med öppningen av H&M shop online i Schweiz under hösten kommer H&M att ha 22 onlinemarknader.

Parallellt med vår online-expansion fortsätter vi att öppna butiker i snabb takt. Totalt sett siktar vi på att öppna cirka 400 nya butiker netto i år. Vi har haft många framgångsrika öppningar hittills i år. Till exempel är öppningen i Lima i Peru, en av våra försäljningsmässigt starkaste någonsin. Andra städer där vi också har fått fina mottaganden är i New York, där vi i maj öppnade koncernens till ytan största butik vid Herald Square samt i Macao som vi öppnade i juni. Vi ser nu fram emot att under senare delen av andra halvåret öppna på två intressanta och stora marknader – Indien och Sydafrika, där vi öppnar i New Delhi och i Kapstaden.

Så vi har en intensiv höst framför oss då vi även kommer att lansera vår senaste satsning H&M Beauty, som successivt rullas ut i 900 butiker på 40 marknader och online med start under juli. H&M Beauty erbjuder ett brett sortiment av make-up, hår- och kroppsprodukter – där även en premium-linje och en conscious-linje med Eco-certifierade hållbara produkter ingår. H&M Beauty är ett exempel i raden av satsningar som vi gör för att ytterligare bredda H&M:s produktutbud.

Vi har idag ett starkt kunderbjudande med alla våra varumärken; H&M, COS, & Other Stories, Weekday, Monki och Cheap Monday, som alla har sin egen identitet som kompletterar varandra väl. Detta gör att H&M-koncernen kan erbjuda många olika stilar och trender i olika prisklasser. Tillsammans delar våra varumärken passionen för mode och att erbjuda kunderna mode på ett hållbart sätt. Vårt hållbarhetsarbete är en mycket viktig del i vårt kunderbjudande och har så varit under många år. Eftersom hållbarhetsarbetet genuint genomsyrar vårt dagliga arbete och de beslut vi tar – är det naturligt att det nu också finns med i H&M:s affärsidé: mode och kvalitet till bästa pris på ett hållbart sätt.”