H&m Hennes & Mauritz Ab Class B · OMXSTO:HM_B
H&m Hennes & Mauritz Ab Class B — FY2016 Earnings Presentation
18 slides from H&m Hennes & Mauritz Ab Class B's earnings presentation, Jan 31, 2017
Slide 1: Telephone Conference 31 January 2017 - Full-Year Report 2016
H & M Hennes & Mauritz AB TELEPHONE CONFERENCE 31 JANUARY 2017 FULL-YEAR REPORT 2016
Slide 2: Nils Vinge and Jyrki Tervonen
• NILS VINGE INVESTOR RELATIONS • JYRKI TERVONEN CHIEF FINANCIAL OFFICER
Slide 3: 2016 in brief
2016 IN BRIEF • Continued focus to integrate stores and e-commerce • Strong expansion through both sales channels – 427 new stores net and 11 new online markets – Puerto Rico, Cyprus and New Zealand new store markets – total of 4,351 stores in 64 markets, of which 35 with e-commerce • More than 13,0
Slide 4: Sales
SALES SEK m incl VAT 250,000 + 6% 200,000 222,865 209,921 150,000 2015 100,000 2016 + 8% 50,000 61,098 56,477 0 Q4 Full year
Slide 5: Gross profit and gross margin
GROSS PROFIT AND GROSS MARGIN Gross profit SEK m 125,000 57.0% 55.2% 100,000 103,167 106,177 75,000 2015 50,000 57.0% 2016 57.5% 25,000 27,997 30,027 0 Q4 Full year
Slide 6: Selling and administration expenses
SELLING AND ADMINISTRATION EXPENSES SEK m 100,000 + 8% 75,000 82,354 76,225 50,000 2015 2016 25,000 + 8% 20,913 22,673 0 Q4 Full year
Slide 7: Profit after financial items
PROFIT AFTER FINANCIAL ITEMS SEK m 30,000 - 12% 25,000 27,242 24,039 20,000 15,000 2015 2016 10,000 + 4% 5,000 7,148 7,409 0 Q4 Full year
Slide 8: Sales and profits - fourth quarter
SALES AND PROFITS FOURTH QUARTER SEK m 2016 2015 Net sales 52,720 48,694 Gross profit 30,027 27,997 gross margin, % 57.0 57.5 Operating profit 7,354 7,084 operating margin, % 13.9 14.5 Net financial items 55 64 Profit after financial items 7,409 7,148 Tax -1,495 -1,622 Profit for the period 5,914 5,
Slide 9: Sales and profits - full year
SALES AND PROFITS FULL YEAR SEK m 2016 2015 Net sales 192,267 180,861 Gross profit 106,177 103,167 gross margin, % 55.2 57.0 Operating profit 23,823 26,942 operating margin, % 12.4 14.9 Net financial items 216 300 Profit after financial items 24,039 27,242 Tax -5,403 -6,344 Profit for the period 18,
Slide 10: Key data
KEY DATA SEK m 30 Nov 2016 30 Nov 2015 Stock-in-trade 31,732 24,833 Cash flow from current operations 23,775 24,067 Investments 13,346 12,059 Cash and cash equivalents and short- 9,446 12,950 term investments Dividend (SEK) 9.75* 9.75 Return on shareholders' equity, % 31.2 38.1 Average number of emp
Slide 11: Stock-in-trade
STOCK-IN-TRADE SEK m 35,000 + 28% 30,000 31,732 25,000 24,833 20,000 2015 15,000 2016 10,000 5,000 0 30 November
Slide 12: Exciting development phase
EXCITING DEVELOPMENT PHASE • H&M group online business model highly developed • Continued investments in digitalisation and infrastructure, mainly within three focus areas – omni-channel strategy – supply chain – advanced analytics
Slide 13: Continued expansion stores and online
CONTINUED EXPANSION STORES AND ONLINE • New growth target starting financial year 2016/17 – to increase the H&M group’s sales by 10-15% in local currencies per year with continued high profitability • Approx. 430 new stores net planned for 2017 – five new H&M markets: Kazakhstan, Colombia, Iceland,
Slide 14: COS
COS • COS opened 41 new stores in 2016 – three new markets: Czech Republic, Romania and Latvia • Total of 194 stores in 33 markets – of which 19 offer COS online • Malaysia new market in December 2016 • Continued rapid expansion planned for 2017
Slide 15: & Other Stories
& OTHER STORIES • & Other Stories opened 15 new stores in 2016 – Poland new market • Total of 45 stores in 11 markets • & Other Stories offers online in 14 markets • Continued rapid expansion planned – Ireland new market in December 2016 – Finland, South Korea and United Arab Emirates (franchise) pl
Slide 16: H&M Home
H&M HOME • H&M Home available in more than 40 markets – in a total of 269 H&M stores • Rapid expansion to continue in 2017 – approximately 50 new H&M-Home departments planned
Slide 17: Slide 17
Slide 18: H & M Hennes & Mauritz AB
& H & MHennes & Mauritz AB