TELEPHONE CONFERENCE 24 MARCH 2015...SEK m 28 Feb 2015 28 Feb 2014 Stock-in-trade 20,266 15,865 Cash...
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H & M Hennes & Mauritz AB TELEPHONE CONFERENCE 24 MARCH 2015 THREE-MONTH REPORT
Transcript of TELEPHONE CONFERENCE 24 MARCH 2015...SEK m 28 Feb 2015 28 Feb 2014 Stock-in-trade 20,266 15,865 Cash...
H & M Hennes & Mauritz AB
TELEPHONE CONFERENCE 24 MARCH 2015THREE-MONTH REPORT
• NILS VINGEINVESTOR RELATIONS
• JYRKI TERVONENCHIEF FINANCIAL OFFICER
• Well received collections for all Group brands contributed to good sales and increased market share
• Sales +25% in SEK; +15% in local currencies
• Substantial long-term investments within IT and online and the broadening of the product range
• Good cost control maintained
• Profit after financial items SEK 4,723 m; +35%
FIRST QUARTER 2015
SALES
37,524
46,791
+ 25%
0
10,000
20,000
30,000
40,000
50,000
60,000
Q1
SEK m incl VAT
2014
2015
SALES PER MARKETTEN LARGEST MARKETS, FIRST QUARTER 2015
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000
Switzerland
Netherlands
Spain
Italy
Sweden
China
France
United Kingdom
USA
Germany
94
136
163
133
177
278
205
253
364
439
Number of stores
SEK m
GROSS PROFIT AND GROSS MARGIN
17,641
22,21354.9%
55.2%
0
5,000
10,000
15,000
20,000
25,000
30,000
Gross profit SEK m
Q1
2014
2015
SELLING & ADMINISTRATION EXPENSES
14,240
17,576
+ 23%
0
5,000
10,000
15,000
20,000
25,000
Q1
SEK m
2014
2015
PROFIT AFTER FINANCIAL ITEMS
3,486
4,723
+ 35%
0
1,000
2,000
3,000
4,000
5,000
6,000
Q1
SEK m
2014
2015
SALES AND PROFITSFIRST QUARTER
SEK m 2015 2014Net sales 40,276 32,143Gross profit 22,213 17,641
gross margin, % 55.2 54.9Operating profit 4,637 3,401
operating margin, % 11.5 10.6Net financial items 86 85Profit after financial items 4,723 3,486Tax -1,110 -837Profit for the period 3,613 2,649Earnings per share, SEK 2.18 1.60
KEY DATA
SEK m 28 Feb 2015 28 Feb 2014
Stock-in-trade 20,266 15,865
Cash flow from current operations 4,940 2,671
Investments 2,232 1,588
Cash and cash equivalents and short-term investments
20,026 18,226
Return on shareholders' equity, % * 40.1 37.2
* rolling twelve months
• In total 3,551 stores in 57 markets, including allH&M Group brands
– 40 new stores net added in Q1
• New markets 2015
– first H&M store in Taipei, Taiwan, very well received since opening in February
– Macau and Peru; end of first half-year
– South Africa and India; during second half-year
• In total approx. 400 new stores net in 2015
– China and the US largest expansions markets
STORE EXPANSION 2015
• H&M’s expansion also includes & Other Stories, COS, Monki, Weekday and Cheap Monday
– for COS and & Other Stories even more new stores are planned to open in 2015 comparedto 2014
– at least three new markets for COS in 2015
OTHER GROUP 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 to open in spring
– Switzerland to open in autumn
H&M SHOP ONLINE
• Product range broadened with H&M Sport and extended shoe range
• H&M Home to open in approx. 100 additional stores and approx. 10 new markets in 2015
• H&M Beauty to launch in autumn 2015
– new, broad concept for make-up, body careand hair care
– initially approx. 900 stores in approx. 40 markets
– online at hm.com
BROADENING H&M’SPRODUCT RANGE
H&M CONSCIOUS EXCLUSIVE
H&M STUDIO A/W15
H & M Hennes & Mauritz AB
