H & M Hennes & Mauritz AB (publ) (HM_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

morning and welcome everyone to H&M Group's conference call nine month report for 2025. For the first part of this call all participants will be in a listener only mode during the speaker presentation and afterwards there'll be a question and answer session. If you wish to ask a question please register by the link in the confirmation email and then dial in and press star followed by one on your telephone keypad. Please be advised that this conference is being recorded. Today, I am pleased to present Josef Aalberg, Head of Investor Relations. I will now hand over to our speakers. Please begin. Good morning and warm welcome to everyone. Today, we present the third quarter results for 2025 for the H&M Group. I am Josef Aalberg and I'm Head of Investor Relations. Before I hand over to our CEO, Daniel Erver, I would like to share this morning's setup. As usual, Daniel will share a short summary of our results, a run-through of selected highlights from the quarter as well as a brief outlook. Then we will continue with a Q&A where Daniel, our CFO Adam Karlsson and I will be available to answer your questions. So with that please go ahead Daniel. Thank you Josef and good morning to everyone. It's great to have the opportunity to speak to all of you again. In the third quarter, we continued to take important steps in the right direction. So let me start by summarizing some of the key numbers from the quarter. The positive sales development continued in the third quarter. Sales grew by 2% in local currencies. And this growth should be seen in the context of having 4% fewer stores at the end of this quarter compared with the same period last year. Our upgraded online store rollout earlier this year has been very well received by our customers around the world, contributing to ...