H&m Hennes & Mauritz Ab Class B · OMXSTO:HM_B
H&m Hennes & Mauritz Ab Class B — Q2 2024 Earnings Presentation
19 slides from H&m Hennes & Mauritz Ab Class B's earnings presentation, Jun 27, 2024
Slide 1: Press and telephone conference
Press and telephone conference
Slide 2: The quarter in brief
The quarter in brief * In local currencies
Slide 3: Net sales
Net sales +1% growth in local currencies +3% growth excluding store closures SEK m 120,000 –1% 113,274 112,047 –5% 60,000 2024 59,605 56,714 2025 0 Q2 SIX MONTHS
Slide 4: Gross profit and gross margin
Gross profit and gross margin More expensive US Dollar and higher freight costs in HY1 Sequentially improved gross margin development: from -240 bps in Q1 to -90 bps in Q2 External factors turning positive for HY2 SEK m 54.0% 52.3% 60,000 61,224 58,594 56.3% 55.4% 30,000 33,569 2024 31,425 2025 0 Q2
Slide 5: Selling and administrative expenses
Selling and administrative expenses +2% increase in local currencies despite inflationary pressures SEK m 60,000 –1% 52,010 51,427 30,000 2024 –4% 2025 26,446 25,489 0 Q2 SIX MONTHS
Slide 6: Operating profit
Operating profit Sequentially improved operating profit margin development supported by the gross margin recovery SEK m 12,000 –22% 9,175 –17% 7,098 7,117 6,000 2024 5,914 2025 0 Q2 SIX MONTHS
Slide 7: Stock-in-trade
Stock-in-trade Significantly lower growth rate Lower volume and good composition SEK m 50,000 +1% 38,518 38,817 25,000 2024 2025 0 31 May
Slide 8: Gross margin and Stock-in-trade/sales
Gross margin and Stock-in-trade/sales Positive long-term development of gross margin and inventory 21% 55% STOCK-IN-TRADE/SALES GROSS MARGIN 18% 50% 45% 15% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 20
Slide 9: Our plan continues to show results in key areas of the business
Our plan continues to show results in key areas of the business. Especially in areas where we have come the furthest.
Slide 10: 10
10
Slide 11: Tropical collection
iN E & TROPICAL _ Be
Slide 12: H&M Group Årsstämma 2025
12 H&M GROUP ÅRSSTÄMMA 2025
Slide 13: Online store promotions and new styles
REA UPP TILL 60% | NEW STYLES ADDED" SHOPPANU ++ VISA PRODUKTER NEW COLLAB Recharging round the clock. A slow wren a 9 R Wnereeeeteretaarersey HOPPA N VISA ALLA SE ALLA q BOMULLSKLANNING. 499,00 kr. me KJOL MED BRODER! 349,00 kr. A
Slide 14: H&M Group Årsstämma 2025
14 H&M GROUP ÅRSSTÄMMA 2025
Slide 15: Olá, Brasil H&M
Slide 16: H&M outperforms Zara and Shein on Green Report Card for Fashion
STAND.EARTH 2025 FOSSIL FREE FASHION SCORECARD “ H&M outperforms Zara and Shein on Green Report Card for Fashion ” Bloomberg “ The surprise: H&M outranks Patagonia in new sustainability ranking ” Impactloop.se “ H&M is the only major clothing brand providing debt-free finance to help suppliers decar
Slide 17: Outlook
Outlook ~> Monitoring the continuc economic and geopolitic > We follow our plan with strengthening our custot —> Webuild a strong found term profitable and susté
Slide 18: Q&A
Q&A
Slide 19: Thank you
H & M Hennes & Mauritz — Q2 2024 Earnings Presentation on 6ix