H&m Hennes & Mauritz Ab Class B · OMXSTO:HM_B
H&m Hennes & Mauritz Ab Class B — Q3 2025 Earnings Presentation
32 slides from H&m Hennes & Mauritz Ab Class B's earnings presentation, Sep 25, 2025
Slide 1: Q3 H & M Group Nine-Month Report 2025
Q3 H & M GROUP NINE-MONTH REPORT 2025
Slide 2: report 2025 (1 Dec 2024–31 Aug 2025)
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) 2
Slide 3: Third quarter and nine months highlights
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) H & M Hennes & Mauritz AB Nine-month report 2025 Third quarter (1 June 2025 — 31 August 2025) • Sales in local currencies increased by 2 percent in the third quarter, with 4 percent fewer stores at the end of the quarter compa
Slide 4: Comments by Daniel Ervér, CEO
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Comments by Daniel Ervér, CEO The positive sales trend continued in the third quarter. Sales strengthening our brand. Another example is the upgrade of increased by 2 percent in local currencies during the period, our digital
Slide 5: Sales
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Sales Sales in local currencies increased by 2 percent in the third 10 percent fewer stores at the end of the quarter compared quarter, with 4 percent fewer stores at the end of the quarter with the same point in time the prev
Slide 6: Gross profit and gross margin
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Gross profit and gross margin Gross profit and gross margin are a result of many factors, somewhat positive compared with the corresponding period internal as well as external, and are mostly affected by the the previous year
Slide 7: Selling and administrative expenses; Operating profit and operating margin
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Selling and administrative expenses Selling and administrative expenses in the third quarter Selling and administrative expenses decreased by 5 percent to SEK 25,167 m (26,602). As a SEK m result of good operational cost contr
Slide 8: Stock-in-trade
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Stock-in-trade The stock-in-trade decreased by 9 percent to SEK 37,938 m Stock-in-trade (41,738). Currency adjusted the stock-in-trade decreased by SEK m 3 percent compared with the previous year. 60,000 The composition of the
Slide 9: Expansion through integrated channels
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Expansion through integrated channels Expansion is taking place with a focus on increased The company is continuing its expansion in Latin America. omnichannel sales. Customers want to be inspired and have H&M opened in Brazil
Slide 10: Cash flow, working capital and financing
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Cash flow, working capital and financing Cash flow and liquidity made a positive contribution to cash flow of SEK 1,684 m Cash flow from operating activities in the nine-month (27), mainly driven by the decrease in stock-in-tr
Slide 11: Tax, share buybacks, current quarter
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Tax The group’s tax rate for the financial year 2025 is expected to be 25 – 26 percent based on known circumstances. For the first three quarters of the year a tax rate of 25 percent (25) was used to calculate tax expense on t
Slide 12: Communication in conjunction with the nine-month report; Calendar
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Communication in conjunction with the nine-month report The nine-month report, i.e., 1 December 2024 – 31 August To book interviews for media in conjunction with the nine- 2025, will be published at 08:00 CEST on 25 September
Slide 13: Review report
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Review report H & M Hennes & Mauritz AB (Publ), corporate identity number 556042-7220 Introduction We have reviewed the interim report for H&M Hennes & Mauritz AB (publ) for the period December 1, 2024 – August 31, 2025. The B
Slide 14: Group income statement in summary
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Group income statement in summary Q3 Nine months Full-year (Jun–Aug) (Dec–Aug) (Dec–Nov) SEK m Note 2025 2024 2025 2024 2024 Net sales 3 57,017 59,011 169,064 172,285 234,478 Cost of goods sold 4 –26,874 –28,878 –80,327 –80,92
Slide 15: Consolidated statement of comprehensive income
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Consolidated statement of comprehensive income Q3 Nine months Full-year (Jun–Aug) (Dec–Aug) (Dec–Nov) SEK m Note 2025 2024 2025 2024 2024 PROFIT FOR THE PERIOD¹ 3,212 2,306 7,753 8,601 11,584 Other comprehensive income Items t
Slide 16: Group balance sheet in summary; changes in equity
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Group balance sheet in summary 2025-08-31 2024-08-31 2024-11-30 SEK m Note ASSETS Non-current assets Intangible non-current assets 7,958 9,015 8,730 Right-of-use assets 52,042 53,639 57,062 Other property, plant and equipment
Slide 17: Group cash flow statement in summary
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Group cash flow statement in summary Nine months Nine months (Dec–Aug) (Dec–Aug) SEK m 2025 2024 Operating activities Profit after financial items¹ 10,375 11,359 Adjustment for non-cash items – Provisions for pensions 84 141 –
Slide 18: Five year summary
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Five year summary Nine months, 1 December – 31 August 2021 2022 2023 2024 2025 Net sales, SEK m 142,154 161,120 173,385 172,285 169,064 Change net sales from previous year in SEK, % 6 13 8 –1 –2 Change net sales previous year
Slide 19: Parent company income statement in summary
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Parent company income statement in summary Q3 Nine months Full-year (Jun–Aug) (Dec–Aug) (Dec–Nov) SEK m 2025 2024 2025 2024 2024 Net sales 591 593 1,706 1,721 2,364 Gross profit 591 593 1,706 1,721 2,364 Administrative expense
Slide 20: Parent company balance sheet in summary
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Parent company balance sheet in summary 2025-08-31 2024-08-31 2024-11-30 SEK m ASSETS Non-current assets Property, plant and equipment 123 133 130 Other non-current assets 1,464 2,043 1,463 1,587 2,176 1,593 Current assets Cur
Slide 21: Note 1. Accounting principles; Note 2. Financial instruments
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Note 1. Accounting principles The group applies International Financial Reporting The accounting principles and calculation methods applied Standards (IFRS) and interpretations by the IFRS in this report are unchanged from tho
Slide 22: Note 3. Segment reporting
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Note 3. Segment reporting Nine months Nine months (Dec–Aug) (Dec–Aug) SEK m 2025 2024 Asia and Oceania External net sales 20,022 21,343 Operating profit 244 786 Operating margin, % 1.2 3.7 Europe and Africa¹ External net sales
Slide 23: Note 4. Depreciations, amortisations and write-downs
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Note 4. Depreciations, amortisations and write-downs Q3 Nine months Full-year (Jun–Aug) (Dec–Aug) (Dec–Nov) SEK m 2025 2024 2025 2024 2024 DEPRECIATIONS AND AMORTISATIONS Intangible non-current assets and property, and equipme
Slide 24: Note 5. Restated figures attributable to amendments to IAS 12
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Note 5. Restated figures attributable to amendments to IAS 12 Equity as at 31 August 2024 and profit for the third quarter and for the nine-month period 2024 have been adjusted as a consequence of the retrospective restatement
Slide 25: Note 6. Events after the closing date
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) Note 6. Events after the closing date There have been no significant events after the closing date that effects the financial reporting. 25
Slide 26: report 2025 (1 Dec 2024–31 Aug 2025)
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Slide 27: report 2025 (1 Dec 2024–31 Aug 2025)
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Slide 28: report 2025 (1 Dec 2024–31 Aug 2025)
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Slide 29: report 2025 (1 Dec 2024–31 Aug 2025)
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Slide 30: report 2025 (1 Dec 2024–31 Aug 2025)
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Slide 31: report 2025 (1 Dec 2024–31 Aug 2025)
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) 31
Slide 32: report 2025 (1 Dec 2024–31 Aug 2025)
H & M Hennes & Mauritz AB Nine-month report 2025 (1 Dec 2024–31 Aug 2025) 32
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