TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT...

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H & M Hennes & Mauritz AB TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT

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  • H & M Hennes & Mauritz AB

    TELEPHONE CONFERENCE 24 SEPTEMBER 2015

    NINE-MONTH REPORT

  • • KARL-JOHAN PERSSON CEO

    • NILS VINGE INVESTOR RELATIONS

    • ANN-SOFIE JOHANSSON CREATIVE ADVISOR

  • • Sales SEK 153 billion, including VAT

    – 21% 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

    – H&M Beauty very well received

    • Good cost control maintained

    • Profit before tax SEK 20.1 billion (+11%)

    NINE MONTHS 2015 IN BRIEF

  • FINANCIAL DATA

  • SALES

    45,259

    126,964

    53,420

    153,444

    + 18%

    + 21%

    0

    20,000

    40,000

    60,000

    80,000

    100,000

    120,000

    140,000

    160,000

    Q3 Nine months

    SEK m incl VAT

    2014

    2015

  • GROSS PROFIT AND GROSS MARGIN

    2014

    2015

    22,62725,712

    63,278

    75,170

    58.3% 55.9%

    58.2%

    56.9%

    0

    10,000

    20,000

    30,000

    40,000

    50,000

    60,000

    70,000

    80,000

    Gross profit SEK m

    Q3 Nine months

  • SELLING AND ADMINISTRATION EXPENSES

    15,741

    45,426

    18,843

    55,312

    + 20%

    + 22%

    0

    10,000

    20,000

    30,000

    40,000

    50,000

    60,000

    Q3 Nine months

    SEK m

    2014

    2015

  • PROFIT AFTER FINANCIAL ITEMS

    6,967

    18,096

    6,936

    20,094

    0%

    + 11%

    0

    5,000

    10,000

    15,000

    20,000

    25,000

    Q3 Nine months

    SEK m

    2014

    2015

  • SALES AND PROFITS THIRD QUARTER

    SEK m 2015 2014

    Net sales 46,024 38,805

    Gross profit 25,712 22,627

    gross margin, % 55.9 58.3

    Operating profit 6,869 6,886

    operating margin, % 14.9 17.7

    Net financial items 67 81

    Profit after financial items 6,936 6,967

    Tax -1,630 -1,671

    Profit for the period 5,306 5,296

    Earnings per share, SEK 3.21 3.20

  • SALES AND PROFITS NINE MONTHS

    SEK m 2015 2014

    Net sales 132,167 108,775

    Gross profit 75,170 63,278

    gross margin, % 56.9 58.2

    Operating profit 19,858 17,852

    operating margin, % 15.0 16.4

    Net financial items 236 244

    Profit after financial items 20,094 18,096

    Tax -4,722 -4,342

    Profit for the period 15,372 13,754

    Earnings per share, SEK 9.29 8.31

  • KEY DATA

    SEK m 31 Aug 2015 31 Aug 2014

    Stock-in-trade 25,205 17,940

    Cash flow from current operations 17,813 18,007

    Investments 7,893 6,348

    Cash and cash equivalents and short-

    term investments10,963 13,451

    Return on shareholders' equity, % * 44.7 46.1

    * rolling twelve months

  • STOCK-IN-TRADE

    17,940

    25,205

    + 40%

    0

    5,000

    10,000

    15,000

    20,000

    25,000

    30,000

    31 Aug

    SEK m

    2014

    2015

  • EXPANSION

  • • Total of 3,675 stores in 59 markets (31 August)

    • Approximately 400 new stores net planned for 2015

    – China and the US largest expansion markets

    • Five new H&M markets 2015

    – very good reception in Taiwan, Peru and Macau

    – India and South Africa new markets in October; H&M to open in New Delhi and Cape Town

    • Three new H&M markets 2016

    – New Zealand, Cyprus and Puerto Rico

    STORE EXPANSION

  • • Continued expansion for H&M’s other brands

    – COS, & Other Stories, Monki, Weekday and Cheap Monday

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

    • Four new markets for COS 2015

    – Bahrain, opened via franchise in February

    – Luxembourg, Hungary and Canada during autumn

    • COS to open in the Czech Republic in spring 2016

    OUR FASHION BRANDS

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

    • Ten new online markets in 2015

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

    – Switzerland and Russia to open in autumn

    • H&M online in 23 markets in total (Nov 2015)

    • Online in nine further H&M markets 2016

    – Ireland, Japan, Greece, Croatia, Slovenia, Estonia, Latvia, Lithuania and Luxembourg

    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

    • Very well received in 700 stores in 28 markets and online

    – gradual launch started in July 2015

    • H&M Beauty available in a total of 900 stores in 42 markets and online by end of financial year

    H&M BEAUTY

  • H & M Hennes & Mauritz AB