Home / Knowledge / News / Apparel/Garments / Outlook for future expansion remains positive at H&M
Outlook for future expansion remains positive at H&M
28
Jan '10
The HENNES & MAURITZ (H&M) Group's sales excluding VAT for the financial year amounted to SEK 101,393 m (88,532), an increase of 15 percent. In local currencies, the increase was 4 percent.

• Profit after financial items for the financial year was SEK 22,103 m (21,190). Group profit after tax was SEK 16,384 m (15,294), corresponding to SEK 19.80 (18.48) per share, an increase of 7 percent.

• Sales excluding VAT for the fourth quarter amounted to SEK 28,011 m (26,310), an increase of 6 percent. In local currencies, sales increased by 3 percent.

• Gross profit for the fourth quarter amounted to SEK 18,581 m (16,416), an increase of 13 percent. The gross margin amounted to 66.3 percent (62.4).

• Profit after financial items for the fourth quarter amounted to SEK 7,992 m (7,114), an increase of 12 percent. Group profit after tax was SEK 6,154 m (5,089).

• Successful establishment in Russia during 2009.

• H&M plans for a net contribution of around 240 stores for the financial year 2009/2010.

• The Board of Directors proposes a dividend of SEK 16.00 (15.50) per share.

• Sales in December 2009 increased by 15 percent in local currencies compared to the same month previous year.

• Sales during the period 1 - 26 January 2010 increased by 13 percent in local currencies compared to the same period last year.

Sales

Sales excluding VAT for the H&M Group for the financial year amounted to SEK 101,393 m (88,532), an increase of 15 percent. Sales including VAT amounted to SEK 118,697 m (104,041), an increase of 14 percent. In local currencies the increase was 4 percent. In comparable units, sales decreased by 5 percent.

Sales excluding VAT in the fourth quarter amounted to SEK 28,011 m (26,310), an increase of 6 percent. Sales including VAT were SEK 32,758 m (30,848), an increase of 6 percent. In local currencies sales increased by 3 percent and in comparable units sales decreased by 6 percent.

The Group opened 275 (234) stores and closed 25 (18) stores during the financial year, a net contribution of 250 stores. In the fourth quarter 159 (129) stores were opened and 11 (9) were closed. The total number of stores in the Group as per 30 November 2009 thus amounted to 1,988 (1,738), of which 36 are franchise stores, 23 COS stores and 46 stores within the FaBric Scandinavien group.

Hennes and Mauritz Group


Must ReadView All

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Alessandro Zucchi; Courtesy: ACIMIT

Textiles | On 29th Jun 2017

Alessandro Zucchi succeeds Carabelli as ACIMIT president

The members’ assembly of the Association of Italian Machinery...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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