Home / Knowledge / News / Apparel/Garments / H&M FY'13 sales flat from previous fiscal
H&M FY'13 sales flat from previous fiscal
30
Jan '14
Hennes & Mauritz reported results for the full year report (1 December 2012 – 30 November 2013).

FULL-YEAR

The H&M Group’s sales including VAT increased in local currencies by 9 percent during the financial year. Sales in comparable units were unchanged. Converted into SEK, sales excluding VAT amounted to SEK 128,562 m (120,799), an increase of 6 percent.

Gross profit amounted to SEK 76,033 m (71,871), corresponding to a gross margin of 59.1 percent (59.5).

Profit after financial items amounted to SEK 22,526 m (22,285). Profit for the year was negatively affected by currency translation effects of approximately SEK 600 m compared to the previous year. The Group’s profit after tax increased to SEK 17,152 m (16,867), corresponding to SEK 10.36 (10.19) per share.

Strong expansion during the year with a net addition of 356 (304) new stores. China and the US were the largest expansion markets.

More than 12,000 new jobs were created in the H&M Group in 2013. The number of employees amounted to more than 116,000 (104,000) by the end of the year.

FOURTH QUARTER

The H&M Group’s sales including VAT increased in local currencies by 13 percent in the fourth quarter. Sales in comparable units increased by 3 percent. Converted into SEK, sales excluding VAT amounted to SEK 36,495 m (32,502).

Gross profit increased by 11 percent and amounted to SEK 22,189 m (20,017), corresponding to a gross margin of 60.8 percent (61.6). The difference in the gross margin is mainly due to currency exchange rate effects arising in connection with payments for the Group’s flow of goods and to year-end effects. Apart from these factors, the gross margin was more or less at the same level as in the fourth quarter 2012.

Profit after financial items amounted to SEK 7,337 m (6,636), an increase of 11 percent. The Group’s profit after tax amounted to SEK 5,608 m (5,287), corresponding to SEK 3.39 (3.19) per share.

The Board of Directors proposes a dividend of SEK 9.50 (9.50) per share for the financial year 2012/2013. Sales in December 2013 increased by 10 percent in local currencies compared to the corresponding month the previous year. Calendar adjusted sales increased just above 12 percent. Sales in January 2014 are expected to increase by 15 percent in local currencies compared to th same month the previous year.

H&M plans a net addition of around 375 new stores for the financial year 2013/2014. Australia and the Philippines will become new H&M countries in 2014. In addition to this, a couple of  other new H&M markets are planned to open at the end of 2014. Four new H&M online markets are planned to open in 2014. France will open in spring/summer 2014. An additional three large online markets are planned to open later in the year.

Click here to read full results

H&M

Must ReadView All

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search