H&M group’s sales increased by 7 percent in June 2017 compared to same month the previous year

STOCKHOLM, Sweden, 2017-Jul-19 — /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’s sales increased by 7 percent during March 2017 vs. same period last year

Stockholm, SWEDEN, 2017-Apr-18 — /EPR Retail News/ — As previously communicated in conjunction with the three-month report 2017, the H&M group’s sales including VAT during 1 March – 28 March 2017 increased by 7 percent in local currencies compared to the same period last year. For the whole month of March, sales increased by 6 percent compared to the same month last year.

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

The total number of stores in the group amounted to 4,426 on 31 March 2017 compared to 3,997 stores on 31 March 2016.

Percentage sales development for the month of April will be published in a press release at 08.00 (CET) on 8 May 2017.

Contact:

Phone +46 8 796 55 00
Fax +46 8 20 99 19

Source: H&M

The H&M group’s sales increased by 8 percent in June 2016 compared to same month the previous year

STOCKHOLM, SWEDEN, 2016-Jul-18 — /EPR Retail News/ — The H&M group’s sales including VAT increased by 8 percent in local currencies in June 2016 compared to the same month the previous year.

The total number of stores amounted to 4,095 on 30 June 2016 compared to 3,642 on 30 June 2015.

Percentage sales development for the month of July will be published on 15 August 2016 at 08.00 (CET).

Karl-Johan Persson, CEO

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 July 2016. This press release, along with additional information about H&M, is available at www.hm.com.

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

Source: H&M Group

H&M group’s sales in 1H2016 increased by 7 percent

STOCKHOLM, SWEDEN, 2016-Jun-24 — /EPR Retail News/ —

  • The H&M group’s sales including VAT increased by 7 percent in local currencies during the first six months of the financial year. Converted into SEK, sales including VAT increased by 5 percent to SEK 104,965 m (100,024). Sales excluding VAT amounted to SEK 90,565 m (86,143).
  • Profit after financial items amounted to SEK 10,329 m (13,158). The group’s profit after tax amounted to SEK 7,902 m (10,066), corresponding to SEK 4.77 (6.08) per share.

Second quarter (1 March 2016 — 31 May 2016)

  • The H&M group’s sales including VAT increased by 5 percent in local currencies during the second quarter. Converted into SEK, sales including VAT increased by 2 percent to SEK 54,341 m (53,233). Sales excluding VAT amounted to SEK 46,874 m (45,867).
  • Gross profit amounted to SEK 26,980 m (27,245). This corresponds to a gross margin of 57.6 percent (59.4).
  • Profit after financial items amounted to SEK 7,002 m (8,435). The group’s profit after tax amounted to SEK 5,357 m (6,453), corresponding to SEK 3.24 (3.90) per share. Profits in the second quarter were negatively affected mostly by higher purchasing costs due to the strengthened US dollar and by increased markdowns.
  • Continued very satisfactory development for H&M’s e-commerce. Successful launch of H&M’s e-commerce in nine countries during the quarter: in Slovenia, Croatia, Estonia, Latvia, Lithuania, Luxembourg, Ireland, Japan and Greece.
  • H&M’s e-commerce will be launched in Canada and South Korea during autumn 2016. A total of 11 new H&M online markets will thus be added in 2016 which means that H&M will offer e-commerce in 34 markets by the end of the year.
  • A continued fast roll-out of new H&M online markets is planned for 2017.
  • The H&M group’s sales including VAT in the period 1 – 21 June 2016 increased by 7 percent in local currencies compared to the same period last year.
  • The H&M group plans a net addition of around 425 new stores for the 2015/2016 financial year. New markets for 2016 are Puerto Rico, which has opened this June, and New Zealand and Cyprus which will open during the autumn.
  • In 2017, H&M plans to open stores in four to five new markets of which Colombia will be one.

Comments by Karl-Johan Persson, CEO
“Sales including VAT in the second quarter amounted to SEK 54 billion and profit before tax to SEK 7 billion. In local currencies, sales increased by 5 percent. The sales increase in March and April was significantly below our plan. These two months were negatively affected by cold spring weather in many of our markets. In May, sales were much better with an increase of 9 percent, or 11 percent when adjusted for calendar effects.

Profits in the second quarter have been affected by a continued negative US dollar effect, but also by increased markdowns and the costs of our long-term investments. The fact that the sales increase in the quarter was below plan, naturally also had an impact on profits.

It has been a challenging half-year for fashion retail in many markets, but we have great confidence going forward and are continuing to develop our offering further within all our brands.

The combination of strong brands, a large body of retail stores in good locations and a successful e-commerce business puts us in a unique market position for future growth. Although e-commerce is growing fast, there is still great potential for the H&M group to continue to expand through physical stores – so for us, our continued focus is to grow both through physical stores and online, as well as to integrate these two sales channels. Our stores and online business complement each other well, and the key to the future is to continue to integrate these channels even further to make it as convenient and easy as possible for our customers.

So far this year we have opened nine new online markets, which means that we now offer H&M’s e-commerce in 32 markets including Japan and Greece, where we recently successfully launched our e-commerce. A further two new online markets will open during the autumn: Canada and South Korea. And in 2017 we will continue the rapid roll-out of H&M’s online shop to further markets.

Today we have more than 4,000 stores in strong retail locations in a total of 62 markets. We are signing very favourable store leases and this year we plan a net addition of approximately 425 stores. New markets this year are Puerto Rico, where we had a successful opening in San Juan in June, and also New Zealand and Cyprus, where we will open in the autumn. Next year we plan to open four or five new H&M markets, of which Colombia will be one.

Our work on sustainability is an important part of our offering. For six years in a row H&M has been named by Ethisphere as one of the most ethical companies in the world. We have now climbed to 20th place in the ranking of the world’s most sustainable companies, and according to the Global 100 index we are the no. 1 company in our sector. H&M is also included in the Dow Jones Sustainability Index of the most sustainable companies in Europe and the world.”

Information in this interim 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 22 June 2016. This interim report and other information about H&M, is available at www.hm.com
      

Contact:
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)

Invitation to press and telephone conference in conjunction to the six-month report is available on hm.com.

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. The company’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 4,000 stores in 62 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.

Source: H&M