H&m Hennes & Mauritz Ab Class B · OMXSTO:HM_B
H&m Hennes & Mauritz Ab Class B — Q1 2015 Earnings Presentation
18 slides from H&m Hennes & Mauritz Ab Class B's earnings presentation, Mar 24, 2015
Slide 1: Telephone Conference 24 March 2015 - Three-Month Report
H & M Hennes & Mauritz AB TELEPHONE CONFERENCE 24 MARCH 2015 THREE-MONTH REPORT
Slide 2: Presenters: Nils Vinge and Jyrki Tervonen
• NILS VINGE INVESTOR RELATIONS • JYRKI TERVONEN CHIEF FINANCIAL OFFICER
Slide 3: First Quarter 2015
FIRST QUARTER 2015 • Well received collections for all Group brands contributed to good sales and increased market share • Sales +25% in SEK; +15% in local currencies • Substantial long-term investments within IT and online and the broadening of the product range • Good cost control maintained • Pro
Slide 4: Sales
SALES SEK m incl VAT 60,000 50,000 + 25% 40,000 46,791 37,524 30,000 2014 20,000 2015 10,000 0 Q1
Slide 5: Sales per Market
SALES PER MARKET TEN LARGEST MARKETS, FIRST QUARTER 2015 Number of stores Germany 439 USA 364 United Kingdom 253 France 205 China 278 Sweden 177 Italy 133 Spain 163 Netherlands 136 Switzerland 94 SEK m 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000
Slide 6: Gross Profit and Gross Margin
GROSS PROFIT AND GROSS MARGIN Gross profit SEK m 30,000 25,000 55.2% 54.9% 20,000 22,213 15,000 17,641 2014 10,000 2015 5,000 0 Q1
Slide 7: Selling & Administration Expenses
SELLING & ADMINISTRATION EXPENSES SEK m 25,000 20,000 + 23% 15,000 17,576 14,240 2014 10,000 2015 5,000 0 Q1
Slide 8: Profit After Financial Items
PROFIT AFTER FINANCIAL ITEMS SEK m 6,000 + 35% 5,000 4,723 4,000 3,000 3,486 2014 2,000 2015 1,000 0 Q1
Slide 9: Sales and Profits
SALES AND PROFITS FIRST QUARTER SEK m 2015 2014 Net sales 40,276 32,143 Gross profit 22,213 17,641 gross margin, % 55.2 54.9 Operating profit 4,637 3,401 operating margin, % 11.5 10.6 Net financial items 86 85 Profit after financial items 4,723 3,486 Tax -1,110 -837 Profit for the period 3,613 2,649
Slide 10: Key Data
KEY DATA SEK m 28 Feb 2015 28 Feb 2014 Stock-in-trade 20,266 15,865 Cash flow from current operations 4,940 2,671 Investments 2,232 1,588 Cash and cash equivalents and short- 20,026 18,226 term investments Return on shareholders' equity, % * 40.1 37.2 * rolling twelve months
Slide 11: Store Expansion 2015
STORE EXPANSION 2015 • In total 3,551 stores in 57 markets, including all H&M Group brands – 40 new stores net added in Q1 • New markets 2015 – first H&M store in Taipei, Taiwan, very well received since opening in February – Macau and Peru; end of first half-year – South Africa and India; during se
Slide 12: Other Group Brands
OTHER GROUP BRANDS • H&M’s expansion also includes & Other Stories, COS, Monki, Weekday and Cheap Monday – for COS and & Other Stories even more new stores are planned to open in 2015 compared to 2014 – at least three new markets for COS in 2015
Slide 13: H&M Shop Online
H&M SHOP ONLINE • Rapid expansion of H&M’s online store, hm.com • Nine new online markets in 2015 – Portugal, Poland, the Czech Republic, Romania, Slovakia, Hungary, Bulgaria and Belgium to open in spring – Switzerland to open in autumn
Slide 14: Broadening H&M's Product Range
BROADENING H&M’S PRODUCT RANGE • Product range broadened with H&M Sport and extended shoe range • H&M Home to open in approx. 100 additional stores and approx. 10 new markets in 2015 • H&M Beauty to launch in autumn 2015 – new, broad concept for make-up, body care and hair care – initially approx. 9
Slide 15: H&M Conscious Exclusive
H&M CONSCIOUS EXCLUSIVE tM
Slide 16: H&M Studio A/W15
H&M STUDIO A/W15
Slide 17: tM
tM
Slide 18: H & M Hennes & Mauritz AB
& H & M Hennes & Mauritz AB
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