PRESS CONFERENCE 25 JUNE 2015 - H&M€¦ · press conference 25 june 2015 six-month report...

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H & M Hennes & Mauritz AB PRESS CONFERENCE 25 JUNE 2015 SIX-MONTH REPORT

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  • H & M Hennes & Mauritz AB

    PRESS CONFERENCE 25 JUNE 2015 SIX-MONTH REPORT

  • • KARL-JOHAN PERSSON CEO

    • NILS VINGE INVESTOR RELATIONS

    • ANN-SOFIE JOHANSSON CREATIVE ADVISOR

  • • Sales exceed SEK 100 billion, including VAT

    – 22% increase in SEK; +12% in local currencies

    – well-received collections for all Group brands

    – strong expansion continues in stores and online

    • Substantial long-term investments within IT and online; and broadening of the product range

    • Good cost control maintained

    • Profit after tax increased 19% to SEK 10,066 m

    FIRST HALF YEAR 2015

  • FINANCIAL DATA

  • SALES

    44,181

    81,705

    53,233

    100,024

    + 20%

    + 22%

    0

    20,000

    40,000

    60,000

    80,000

    100,000

    120,000

    Q2 Six months

    SEK m incl VAT

    2014

    2015

  • GROSS PROFIT AND GROSS MARGIN

    2014

    2015

    23,01027,245

    40,651

    49,458

    60.8%59.4%

    58.1%

    57.4%

    0

    10,000

    20,000

    30,000

    40,000

    50,000

    60,000

    Gross profit SEK m

    Q2 Six months

  • SELLING AND ADMINISTRATION EXPENSES

    15,445

    29,685

    18,893

    36,469

    + 22%

    + 23%

    0

    10,000

    20,000

    30,000

    40,000

    50,000

    Q2 Six months

    SEK m

    2014

    2015

  • PROFIT AFTER FINANCIAL ITEMS

    7,643

    11,129

    8,435

    13,158

    + 10%

    + 18%

    0

    4,000

    8,000

    12,000

    16,000

    Q2 Six months

    SEK m

    2014

    2015

  • SALES AND PROFITS SECOND QUARTER

    SEK m 2015 2014

    Net sales 45,867 37,827

    Gross profit 27,245 23,010

    gross margin, % 59.4 60.8

    Operating profit 8,352 7,565

    operating margin, % 18.2 20.0

    Net financial items 83 78

    Profit after financial items 8,435 7,643

    Tax -1,982 -1,834

    Profit for the period 6,453 5,809

    Earnings per share, SEK 3.90 3.51

  • KEY DATA

    SEK m 31 May 2015 31 May 2014

    Stock-in-trade 19,699 14,915

    Cash flow from current operations 13,596 11,919

    Investments 4,710 3,931

    Cash and cash equivalents and short-

    term investments10,293 9,592

    Return on shareholders' equity, % * 50.3 50.5

    * rolling twelve months

  • STOCK-IN-TRADE

    14,915

    19,699

    + 32%

    0

    5,000

    10,000

    15,000

    20,000

    25,000

    31 May

    SEK m

    2014

    2015

  • EXPANSION

  • • Net addition of approximately 400 new stores planned for 2015

    – China and the US largest expansion markets

    – H&M’s largest store to date opened in May on Herald Square in New York; very well received

    • 128 new stores net opened during first half year

    – total of 3,639 stores in 58 markets

    • Five new H&M markets 2015

    – very good reception in Taiwan, Peru and Macau

    – South Africa and India to open in late 2015

    STORE EXPANSION 2015

  • • H&M’s expansion also includes & Other Stories, COS, Monki, Weekday and Cheap Monday

    • More new stores planned for & Other Stories and COS in 2015 compared with 2014

    – expansion mainly in existing markets

    • At least four new markets for COS 2015

    – Bahrain, opened via franchise in February

    – Luxembourg, The Czech Republic and Canada during autumn

    OUR FASHION BRANDS

  • • Rapid expansion of H&M’s online store, hm.com

    • Nine new online markets in 2015

    – Portugal, Poland, the Czech Republic, Romania, Slovakia, Hungary, Bulgaria and Belgium opened during spring

    – Switzerland to open in autumn

    • H&M online in 22 markets in total (autumn 2015)

    H&M ONLINE

  • • New broad concept for makeup, body care and hair care

    • High quality at the best price in beautiful design

    – wide selection of colours and trends

    • To launch gradually starting July 2015

    – approx. 900 stores in approx. 40 markets

    – online at hm.com

    • Complemented with a Conscious line of Ecocert-products for body and hair, and a Premium line

    H&M BEAUTY

  • • Parisian house of Balmain

    – H&M’s guest designer 2015

    • Olivier Rousteing, creative director

    – mixing couture spirit and streetwear attitude in unique style

    – #HMBalmaination

    • Collection for H&M with garments and accessories for women and men

    – global launch on 5 November

    – approx. 250 stores and online

    BALMAIN X H&M

  • H&M STUDIO A/W15

  • H & M Hennes & Mauritz AB