H&M group partners with re:newcell to achieve its goal in becoming 100% circular

H&M group partners with re:newcell to achieve its goal in becoming 100% circular

 

H&M group have partnered with Swedish company re:newcell, whose unique technology recycles used cotton, viscose and other cellulosic fibers into a new, more sustainable dissolving pulp. The pulp can be turned into new textile fibers and be fed into the textile production cycle. The partnership is another step towards H&Ms goal to use 100% recycled or other sustainably sourced material by 2030

STOCKHOLM, Sweden, 2017-Oct-13 — /EPR Retail News/ — To achieve the H&M group’s goal on circularity, it’s crucial to find solutions for substituting many currently used fibers with either recycled or other sustainably sourced alternatives. Therefore, H&M group works actively with several initiatives to support and encourage innovation technology in how to close the loop in fashion and becoming 100% circular. One of the initiatives is to invest in entrepreneurs via H&M CO:LAB.

“Re:newcell´s technology has the potential to become a commercial and scalable solution for the industry and accelerate the journey from a linear fashion industry towards a circular one”, says Cecilia Brännsten, Acting Environmental Sustainability Manager and circular economy lead, at H&M group.

The news of the H&M and Re:newcell partnership was communicated today, at the 2017 Textile Exchange Sustainability Conference in Washington. D.C.

Contact:

Head of Media Relations
Katarina Kempe
+46 8 5780 85 54

Source: H&M

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H&M group and WWF announce new initiative to help Turkey tackle its water challenges

STOCKHOLM, Sweden, 2017-Aug-30 — /EPR Retail News/ — During a high-level session at World Water Week in Stockholm, H&M group and WWF today (29 AUG, 2017) announced a new initiative to help Turkey tackle its water challenges, particularly pollution, and ensure sustainable, clean water supplies for businesses, people and nature.

Building on the success of previous partnerships in China and Bangladesh, the project will focus on improving water management methods and policies in the Büyük Menderes river basin, which is home to large-scale agriculture and industry, including textile operations, as well as rich biodiversity.

Like many other river basins, Büyük Menderes suffers from declining water quality and could face increased water stress in future due to climate change and development.

“Turkey’s textile industry is booming but it faces serious risks from pollution, poor water management and weak regulations: collective action is needed now to mitigate these risks,” said Daniel Robertsson, Head of corporate Engagement at WWF Sweden and responsible for the H&M WWF partnership. “WWF and H&M group have already had helped to strengthen water management in China and Bangladesh and we believe our partnership will contribute to similar improvements in Turkey.”

The initiative will involve collaboration with policy makers and other companies in Turkey and will focus on promoting clean production technologies in the textile sector as well as demonstrating the value of water stewardship. H&M will also influence its suppliers to invest in clean production and better water management.

“Being one of Turkey’s largest textile buyer, H&M group has a strong incentive to influence the development of more sustainable water use in the country’s textile industry,” said Anna Gedda, Head of Sustainability at H&M group. “In addition to the work we do on a regular basis to improve water management practices in all of our facilities, we will engage our suppliers in cleaner production programmes in the basin and try to inspire others by sharing best practices.”

WWF and H&M group first joined forces in 2011, focusing on water stewardship. As a new report entitled Making Water Our Business makes clear, the partnership has begun to transform H&M group’s internal water management as well as engaging suppliers, policy makers, NGOs, communities and other companies to collectively advocate for more sustainable water use in specific river basins in Asia.

About the partnership:

WWF and H&M entered a partnership in 2011, focusing on water stewardship. H&M and WWF improved H&M’s water management globally and engaged suppliers, policy makers, civil societies and companies to collectively advocate for more sustainable water use in prioritized river basins in Asia. In 2016, the partnership grew to also include climate action and a strategic dialogue. In 2017, water stewardship work expanded to Turkey.

Contact:

Head of Media Relations
Camilla Emilsson Falk
+46 8 796 39 95

Source: H&M

H&M group announces 7% sales increase in June 2017 compared to same month the previous year

STOCKHOLM, Sweden, 2017-Jul-17 — /EPR Retail News/ — The H&M group’s sales including VAT increased by 7 percent in local currencies in June 2017 compared to the same month the previous year. Converted into SEK sales increased by 10 percent.

The total number of stores in the group amounted to 4,517 on 30 June 2017 compared to 4,095 stores on
30 June 2016.

The H&M group has decided to arrange Capital Markets Days during which more in-depth information about the business will be given and has also decided – in consultation with its large institutional shareholders – to publish the group’s sales development per quarter instead of per month. Just as previously, sales for the quarter will be published ahead of each interim report as the percentage change in local currencies and in Swedish kronor as well as in absolute figures in Swedish kronor, both including and excluding VAT.

The reasoning is that a month is far too short a period over which to assess how sales are developing; in fact, a single month’s sales can actually be misleading, since calendar and weather effects – among other things – may significantly affect the outcome. Instead sales development should be viewed over a longer period of time, such as over a season or a quarter. This is also the reason why the majority of companies in fashion retail currently report their sales quarterly rather than monthly.

Following the publication of sales development for June 2017, the H&M group will typically publish quarterly sales figures on the 15th of the month in which an interim report is presented. Third quarter sales will therefore be published on 15 September 2017. Sales figures for the fourth quarter will be published on 15 December 2017. More information on Capital Markets Days will be provided at a later date.

Karl-Johan Persson, CEO

Head of Media Relations:
Camilla Emilsson Falk
+46 8 796 39 95

Source: H&M

H&M Group signs The Bangladesh Accord on Fire and Building Safety for another 3-year period

The Bangladesh Accord on Fire and Building Safety is essential in the work to improve the Bangladeshi garment factories. Since fire and building safety is extremely important to us and we want to continue to play an active role, we re-signed the Accord for yet another 3-year period on June 29th.

STOCKHOLM, Sweden, 2017-Jul-03 — /EPR Retail News/ — We are convinced of the positive impact of the work being done within the Accord and that it will reach its long-term aim: to make the textile industry in Bangladesh safer. We see continuous progress, but to further speed up the work and to be able to work on a wider level together with a joint force to reach the whole textile industry in Bangladesh, the work within the Accord is important. We will continue working closely together with IndustriALL to use our combined leverage where needed.

The new Accord agreement will be applicable from June 2018 and continues to consist of a broad coalition of international buyers, trade unions and factories, addressing fire and building safety in the ready-made-garment industry in Bangladesh. It will also continue to add on to our existing sustainability program and strict requirements on our suppliers. One addition in the new agreement is the promotion of freedom of association, another that trade unions are now included in the health and safety trainings.

The remediation work on fire safety in textile factories in Bangladesh is continuously showing progress. The new additional requirements from the Accord are gradually solved at more factories. Please visit the Accord web site or at the H&M web site to see detailed information on the progress.

Contact:
Camilla Emilsson Falk
+46 8 796 39 95

Source: H&M

H&M group announces 7 percent sales increase in August 2016 compared to same month the previous year

STOCKHOLM, SWEDEN, 2016-Sep-15 — /EPR Retail News/ — The H&M group’s sales including VAT increased by 7 percent in local currencies in August 2016 compared to the same month the previous year. Sales development in August had a very good start. But sales were negatively affected in the second half of the month by exceptionally hot weather in most of the group’s markets.

Third quarter 2016

In the third quarter of 2016, i.e. during the period 1 June to 31 August, sales including VAT increased by 8 percent in local currencies compared to the corresponding quarter last year. Sales including VAT in the third quarter converted into SEK increased by 6 percent and amounted to SEK 56,802* m (53,420). Sales excluding VAT amounted to SEK 48,982* m (46,024), an increase of 6 percent.

The total number of stores amounted to 4,135 on 31 August 2016 compared to 3,675 on 31 August 2015.

The Nine-Month Report, covering the period 1 December 2015 – 31 August 2016, will be published on 30 September 2016 at 08.00 (CET). Percentage sales development for the month of September will be published
on 17 October 2016 at 08.00 (CET).

*The amounts are provisional and may deviate slightly from the Interim Report that will be released on 30 September 2016.

Karl-Johan Persson, CEO

Only press enquiries:

Phone: +46 8 796 53 00
Email: mediarelations@hm.com

Source: H&M/globenewswire

The H&M group recorded 10 percent sales increase in July 2016 compared to the same month the previous year

STOCKHOLM, SWEDEN, 2016-Aug-16 — /EPR Retail News/ — The H&M group’s sales including VAT increased by 10 percent in local currencies in July 2016 compared to the same month the previous year.

The total number of stores amounted to 4,105 on 31 July 2016 compared to 3,649 on 31 July 2015.

Percentage sales development for the month of August and total revenue in SEK for the third quarter (June to August) will be published in a separate press release on 15 September 2016.

The Nine-Month Report, covering the period 1 December 2015 – 31 August 2016, will be published on 30 September 2016 at 08.00 (CET).

The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under the EU Market Abuse Regulation (596/2014 /EU). The information was submitted for publication by the above mentioned person at 08.00 CET on 15 August 2016. This press release, along with additional 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 & Other Stories, Cheap Monday, COS, Monki and Weekday as well as H&M Home. The H&M Group has more than 4,100 stores in 62 markets including franchise markets. In 2015, sales including VAT were SEK 210 billion and the number of employees is more than 148,000. For further information, visit hm.com (http://www.hm.com/)..

Karl-Johan Persson, CEO

Contact:
Nils Vinge
Head of IR
+46 8 796 5250.

Source: Hennes & Mauritz AB, H & M / GlobeNewswire

H&M Group’s April 2016 sales up by 5 percent

STOCKHOLM, SWEDEN, 2016-May-17 — /EPR Retail News/ — The H&M Group’s sales including VAT increased by 5 percent in local currencies in April 2016 compared to the same month the previous year.

The cold spring which continued into April in several of H&M’s large markets has had an unfavourable impact on sales of transitional garments.

The total number of stores amounted to 4,035 on 30 April 2016 compared to 3,610 on 30 April 2015.

Percentage sales development for the month of May and total revenue in SEK for the second quarter (March to May) will be published in a separate press release on 15 June 2016. The Six-Month Report, covering the period 1 December 2015 to 31 May 2016, will be published on 22 June 2016 at 08.00 (CET).

Karl-Johan Persson, CEO

GLOBAL MEDIA ENQUIRIES

Only press enquiries

Phone: +46 8 796 53 00
Email: mediarelations@hm.com

H&M group announces March 2016 sales

STOCKHOLM, SWEDEN,2016-Apr-17 — /EPR Retail News/ — As previously announced in conjunction with the three-month report 2016, sales including VAT in March 2016 increased by 2 percent in local currencies for the H&M group compared to the same month last year.

Sales in March, April and May should be viewed together because the Easter holiday falls in different months in different years, and partly also because the weather during this period can vary greatly from year to year.

For H&M in general, a late Easter is better than an early Easter. Weather conditions in March last year were favourable for
the season, while the opposite is true this year.

The total number of stores amounted to 3,997 on 31 March 2016 compared to 3,580 on 31 March 2015.

Percentage sales development for the month of April will be published in a press release at 08.00 (CET) on 16 May 2016.

Karl-Johan Persson, CEO

GLOBAL MEDIA ENQUIRIES
Only press enquiries
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

All other enquiries
H&M switchboard +46 8 796 55 00
Email info@hm.com

Head of Communications
Kristina Stenvinkel
+46 8 796 39 08

Head of Media Relations
Camilla Emilsson Falk
+46 8 796 39 95

Source: H&M

 

H & M CEO Karl-Johan Persson: 2015 has been a very expansive year for the H&M group

STOCKHOLM, Sweden, 2016-Feb-02 — /EPR Retail News/ —

Full-year (1 December 2014 — 30 Nov 2015)

  • Well-received collections for all brands in the H&M group resulted in good sales of SEK 210 billion including VAT and increased market share.
  • 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.

Fourth quarter (1 September 2015 — 30 Nov 2015)

  • The H&M group’s sales in SEK excluding VAT increased by 14 percent to SEK 48,694 m (42,644) during the fourth quarter. In local currencies the increase was 9 percent.
  • Gross profit amounted to SEK 27,997 m (25,744), an increase of 9 percent. This corresponds to a gross margin of 57.5 percent (60.4).
  • Profit after financial items amounted to SEK 7,148 m (7,799). The group’s profit after tax amounted to SEK 5,526 m (6,222), corresponding to SEK 3.34 (3.76) per share. Profits in the quarter were negatively affected by substantially higher purchasing costs due to the strengthened US dollar.
  • Very good start for H&M’s first stores in India, New Delhi and in South Africa, Cape Town.
  • 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.

Comments by Karl-Johan Persson, CEO
“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.

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.

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.

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.

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.”

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
    

Contact persons

Nils Vinge, 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)

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

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.

GLOBAL MEDIA ENQUIRIES
Only press enquiries
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

All other enquiries
H&M switchboard +46 8 796 55 00
Email info@hm.com

Head of Communications
Kristina Stenvinkel
+46 8 796 39 08

Head of Media Relations
Camilla Emilsson Falk
+46 8 796 39 95

H&M group reports of 4% sales increase in November 2015 compared to the same month last year

November 2015

STOCKHOLM, SWEDEN, 2015-12-15 — /EPR Retail News/ — The H&M group’s sales including VAT increased by 4 percent in local currencies in November 2015 compared to the same month last year. Sales in November were negatively affected by the unseasonably mild weather in North America and in many of the H&M group’s large sales markets in Europe.

In the month of November 2015, the H&M group opened 117 (74) new stores net. The total number of stores thus amounted to 3,924 on 30 November 2015 compared to 3,511 on 30 November 2014, an increase of 413 stores.

Fourth quarter 2015

In the fourth quarter of 2015, i.e. during the period 1 September to 30 November, sales including VAT increased by 9 percent in local currencies. Converted into SEK, sales including VAT amounted to SEK 56,477* m (49,656) in the fourth quarter, an increase of 14 percent. Sales excluding VAT amounted to SEK 48,692* m (42,644).

Financial year 2015

In the financial year 2015, i.e. 1 December 2014 to 30 November 2015, sales including VAT increased by 11 percent in local currencies. Converted into SEK, sales including VAT amounted to SEK 209,921* m (176,620) for the full-year, an increase of 19 percent. Sales excluding VAT amounted to SEK 180,859* m (151,419).

Percentage sales development for the month of December will be published at 08.00 (CET) on 15 January 2016. The Full-year Report, covering the period 1 December 2014 – 30 November 2015, will be published at 08.00 (CET) on 28 January 2016.

*The amounts are provisional and have not yet been audited by the company’s auditors: the amounts may deviate slightly from the Full-year Report that will be released on 28 January 2016.

Karl-Johan Persson, CEO

GLOBAL MEDIA ENQUIRIES
Only press enquiries
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

All other enquiries
H&M switchboard +46 8 796 55 00
Email info@hm.com

Head of Communications
Kristina Stenvinkel
+46 8 796 39 08

Head of Media Relations
Camilla Emilsson Falk
+46 8 796 39 95

H&M Group reports 10% increase of its sales including VAT in local currencies in November 2014 vs same month last year

STOCKHOLM, Sweden, 2014-12-16 — /EPR Retail News/ — The H&M Group’s sales including VAT increased by 10 percent in local currencies in November 2014 compared to the same month last year.

In the fourth quarter of 2014, i.e. during the period 1 September to 30 November, sales including VAT increased by 11 percent in local currencies.

Sales including VAT in the fourth quarter converted into SEK amounted to SEK 49,609* m (42,610).
Sales excluding VAT amounted to SEK 42,605* m (36,495).

The total number of stores amounted to 3,511 on 30 November 2014 versus 3,132 on 30 November 2013.

Percentage sales development for the month of December will be published at 08.00 (CET) on 15 January 2015. The Full-year Report, covering the period 1 December 2013 – 30 November 2014, will be published at 08.00 (CET) on 28 January 2015. Please note that a new date, 24 March 2015, has been set for the
Three-month Report covering the period 1 December 2014 – 28 February 2015 instead of the previously communicated date of 26 March 2015.

* The amounts are provisional and have not yet been audited by the company’s auditors: the amounts may deviate slightly from the Full-year Report that will be released on 28 January 2015.

Karl-Johan Persson, CEO

Contact person: Nils Vinge, IR Manager           +46-8-796 5250

The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under Sweden’s Securities Market Act. It was released for publication at 08.00 (CET) on 15 December 2014.

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on NASDAQ OMX Stockholm. The company’s business concept is to offer fashion and quality at the best price. 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 3,500 stores in 55 markets.
In 2013, sales including VAT were approximately SEK 150 billion. The number of employees amounts to more than 116,000.
For further information, visit hm.com.

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