Full-year (
- The
H&M group's net sales in local currencies increased by 12 percent in the 2021 financial year. Converted into SEK the group's net sales increased by 6 percent toSEK 198,967 m (187,031). -
Gross profit increased to
SEK 105,006 m (93,544). This corresponds to a gross margin of 52.8 percent (50.0). -
Profit after financial items increased to
SEK 14,300 m (2,052). -
The group's profit after tax increased to
SEK 11,010 m (1,243), corresponding toSEK 6.65 (0.75) per share. -
Cash flow from operating activities increased to
SEK 44,619 m (25,900). -
Financial net cash increased to
SEK 17,857 m (208). Cash and cash equivalents plus undrawn credit facilities amounted toSEK 42,649 m (46,595). -
The year's increase in profit means that
SEK 224 m has been allocated to theH&M Incentive Program (HIP), which is for all employees.
Fourth quarter (
- The
H&M group's net sales in local currencies increased by 11 percent in the fourth quarter 2021. Converted into SEK net sales increased by 8 percent toSEK 56,813 m (52,549). -
Gross profit increased by 14 percent to
SEK 31,341 m (27,375). This corresponds to a gross margin of 55.2 percent (52.1). -
Profit after financial items increased by 64 percent to
SEK 6,003 m (3,665). Before the allocation to HIP, profit for the quarter increased by 70 percent. The strong result for the quarter is mainly a result of well-received collections with more full-price sales, lower markdowns and good cost control. - The operating margin was 11.0 percent (7.4).
-
The group's profit after tax increased to
SEK 4,621 m (2,485), corresponding to SEK 2:79 (1:50) per share. -
The stock-in-trade decreased to
SEK 37,306 m (38,209).
-
By 2030 at latest the
H&M group is to double sales while at the same time halving its carbon footprint. Profitability is to exceed 10 percent over time.* -
To achieve the ambitious growth and climate goals, investments are being increased. For 2022 capex is expected to amount to around
SEK 10 billion . -
In 2022
H&M will launch in six new markets: the first stores will open inEcuador ,Kosovo andNorth Macedonia , and via franchise inCosta Rica ,Guatemala andCambodia . -
The rollout of
H&M online continues in 2022 withBelarus ;Colombia ,Kazakhstan ,Peru andUkraine . -
The board of directors proposes an ordinary dividend of
SEK 6.50 per share to be paid in two instalments, and authorisation for aSEK 3 billion share buyback programme. -
For the period
1 December 2021 to31 January 2022 sales in local currencies are expected to increase by 20 percent compared with the same period last year. The period was negatively affected by the latest wave of the pandemic and its consequences in many of the group's larger markets.
"We ended the year strongly, with sales back at the same level as before the pandemic and with profitability better than it has been for several years. Now that we are back to a more normalised situation with a strong financial position and good profitability, we can fully focus on growth again,"
says
*The baseline for the sales goal is 2021. The
Returning to growth
"The
The
Portfolio brands and business ventures. We are consistently growing through our other brands, new business models and initiatives. All have great growth potential individually, but also in how they complement and strengthen the
Investments and partnerships. Through our investment arm Co:lab we now have around 20 investments in new companies that are important for the
While we respect the ongoing challenges brought by the pandemic, we have demonstrated our ability to quickly adapt and seize opportunities that arise. Customer focus, quick action and flexibility have been key in managing the pandemic and will be just as important going forward. Customers must always feel confident that with us they will be able to find the best combination of fashion, price, quality and sustainability. With continued satisfied customers and strong relations with all our partners, we are optimistic about the opportunities for long-term and sustainable growth for the
Communication in conjunction with the full-year report
The full-year report for the 2021 financial year, i.e.,
For log in details for the telephone conference please register at hmgroup.com or via this link: http://emea.directeventreg.com/registration/4189924.
To book interviews in conjunction with the full-year report on
Contact
SE-106 38 Stockholm
Phone: +46-8-796 55 00, fax: +46-8-20 99 19, e-mail: info@hm.com
Registered office:
For more information about the
Information in this interim report is that which
No 596/2014. The information was submitted for publication by the abovementioned persons at 08:00 (CET) on
https://news.cision.com/h---m-hennes---mauritz-ab/r/h---m-hennes---mauritz-ab-full-year-report,c3494134
https://mb.cision.com/Main/769/3494134/1526458.pdf
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