Home / Knowledge / News / Apparel/Garments / Hennes & Mauritz to create up to 7000 jobs during 2009
Hennes & Mauritz to create up to 7000 jobs during 2009
29
Jan '09
Hennes & Mauritz AB (H & M) released Full Year Report for 2008.

• Sales including VAT for the H&M Group for the financial year amounted to SEK 104,041 m (92,123). Sales excluding VAT for the financial year amounted to SEK 88,532 m (78,346), an increase of 13 percent. In local currencies, the increase was 11 percent. In comparable units, sales decreased by 1 percent.

• Profit after financial items for the financial year was SEK 21,190 m (19,170), an increase of 11 percent. Group profit after tax was SEK 15,294 m (13,588), corresponding to SEK 18.48 (16.42) per share, an increase of 13 percent.

• Sales excluding VAT for the fourth quarter amounted to SEK 26,310 m (22,817), an increase of 15 percent. In local currencies, sales increased by 8 percent and decreased by 3 percent in comparable units.

• Profit after financial items for the fourth quarter was SEK 7,114 m (6,221), an increase of 14 percent.

• Sales in the first two H&M stores in Tokyo surpassed the company's high expectations and were H&M's most successful store openings ever.

• The outlook for the future expansion and the development opportunities remains positive. H&M will create 6,000 to 7,000 new job opportunities during 2009.

• For the financial year 2008/2009 a net contribution of 225 stores is planned.

• The company is preparing the first store opening in Bejing during the spring 2009.

• The Board of Directors proposes a dividend of SEK 15.50 (14.00) per share.

• Sales in December 2008 increased by 3 percent in local currencies compared to the same month previous year.

• Sales in January 2009 expected to increase by 8 percent in local currencies compared to the same month last year.

Sales
Sales excluding VAT for the H&M Group for the financial year amounted to SEK 88,532 m (78,346), an increase of 13 percent. In local currencies the increase was 11 percent. In comparable units, sales decreased by 1 percent. Sales including VAT amounted to SEK 104,041 m (92,123).

Sales excluding VAT in the fourth quarter amounted to SEK 26,310 m (22,817), an increase of 15 percent. Sales including VAT were SEK 30,848 m (26,836), in local currencies sales increased by 8 percent and decreased by 3 percent in comparable units.

The Group opened 214 (193) stores during the financial year and 18 (16) stores were closed. In addition, 13 Weekday-stores and 7 Monki-stores have been consolidated through H&M's acquisition of FaBric Scandinavien AB. In the fourth quarter 129 (94) stores were opened and 9 (4) were closed. The total number of stores in the Group as per 30 November 2008 thus amounted to 1,738 (1,522), of which 18 are franchise stores.

Hennes & Mauritz


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Vasanth Kumar
Max Fashion India

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

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

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

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search