SLIDE 1
H & M Hennes & Mauritz AB
NILS VINGE
INVESTOR RELATIONS MANAGER
JYRKI TERVONEN
CHIEF FINANCIAL OFFICER
TELEPHONE CONFERENCE 30 JANUARY 2014 FULL-YEAR REPORT NILS VINGE - - PowerPoint PPT Presentation
TELEPHONE CONFERENCE 30 JANUARY 2014 FULL-YEAR REPORT NILS VINGE - - PowerPoint PPT Presentation
H & M Hennes & Mauritz AB TELEPHONE CONFERENCE 30 JANUARY 2014 FULL-YEAR REPORT NILS VINGE INVESTOR RELATIONS MANAGER JYRKI TERVONEN CHIEF FINANCIAL OFFICER FOURTH QUARTER 2013 Sales +13% in local currencies
SLIDE 2
SLIDE 3
FOURTH QUARTER 2013
Sales +13% in local currencies – comparable units +3%
Net sales SEK 36,495 m (+12%)
Gross profit SEK 22,189 m (+11%) – gross margin 60.8 percent (61.6%)
Operating margin 19.9 percent (20.1%)
Profit after financial items SEK 7,337 m (+11%)
Profit after tax SEK 5,608 m (+6%)
Earnings per share SEK 3.39 (3.19)
SLIDE 4
FULL-YEAR 2013
Sales +9% in local currencies – comparable units unchanged
Net sales SEK 128,562 m (+6%)
Gross profit SEK 76,033 m (+6%) – gross margin 59.1 percent (59.5%)
Operating margin 17.2 percent (18.0%)
Profit after financial items SEK 22,526 m (+1%)
Profit after tax SEK 17,152 (+2%)
Earnings per share 10.36 (10.19)
SLIDE 5
SALES PER MARKET
FULL-YEAR 2013
- No. of stores
SEK m
418 305 197 245 177 130 205 156 114 87 116 72 97 73 122 66 39 51 58 27 27 28 38 16 33 20 13 19 6 12 10 7 13 3 1 11 3 2 2 3 110
Germany USA France UK Sweden Netherlands China Spain Norway Switzerland Italy Austria Denmark Belgium Poland Canada Japan Russia Finland Greece Portugal Romania Czech Republic South Korea Hungary Turkey Croatia Ireland Singapore Slovenia Luxembourg Malaysia Slovakia Mexico Chile Bulgaria Latvia Serbia Lithuania Estonia Franchise 5,000 10,000 15,000 20,000 25,000 30,000
SLIDE 6
KEY DATA
SEK m 30 Nov 2013 30 Nov 2012 Stock-in-trade 16,695 15,213 Cash flow from current operations 23,840 18,900 Investments 8,027 6,827 Liquid funds and short-term investments 17,224 17,143 Dividend (SEK) 9.50* 9.50 Return on equity, % 38.5 38.4 Average number of employees** 81,099 72,276
* proposed dividend ** converted to full-time positions
SLIDE 7
EXPANSION 2013
Continued strong expansion – 356 new stores net during 2013 – in total 3,132 stores in 53 countries
China and the US largest expansion markets – new flagship store at Times Square, New York for example
Five new H&M markets 2013 – Chile, Lithuania, Serbia, Estonia and via franchise Indonesia
SLIDE 8
STORE EXPANSION
- No. of stores
Markets 3 4 5 6 7 9 10 11 12 8 20 22 24 14 18 28 33 35 38 43 48 53
550 613 682 771 844 945 1,068 1,193 1,345 1,522 1,738 1,988 2,206 2,472 2,776 3,132
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SLIDE 9
EXPANSION 2014-2015
- Approx. 375 new stores planned 2014
– China and the US largest expansion markets – several new flagship stores
New H&M markets 2014 – Melbourne, Australia, during the first half year – Manila, Philippines, during the second half year – a further couple of new markets planned at the end of the year
H&M will open in South Africa in 2015
SLIDE 10
H&M ONLINE
Online sales an important complement to the stores
Very good start for H&M’s online store in the US
Global roll-out of online continues
Four new online markets planned for 2014 – France new online market spring/summer – additional three large markets planned later in the year
SLIDE 11
COS
Strong performance during 2013 – 21 new stores and four new markets – in total 85 stores in 20 markets
Several new markets during 2014 – USA, South Korea, Australia and Switzerland – COS online will open in the US
SLIDE 12
& OTHER STORIES
Fantastic reception since the launch in March 2013
Today eight stores in seven countries – online via stories.com in ten markets
Continued expansion during 2014 – Belgium and the Netherlands new markets for stores – Austria and Ireland new online markets
SLIDE 13
H&M SPORT
Extended sports concept for women, men and children – focus on function, fit, design and comfort – Go Gold launched in January 2014
H&M dresses the Swedish Olympic Team – collection created by H&M’s designers together with Swedish Olympic athletes – Winter Olympics and Paralympics in Sochi 2014 and Summer Olympics and Paralympics in Rio de Janeiro 2016
SLIDE 14
H & M Hennes & Mauritz AB