annual general meeting 2010 · slovenia czech republic portugal japan china canada poland finland...
TRANSCRIPT
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KARL-JOHAN PERSSONMANAGING DIRECTOR
ANNUAL GENERAL MEETING 2010
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2009 IN FIGURES
Net sales SEK 101 billion (+15%)Gross margin 61.6 percent Operating margin 21.3 percent Profit after tax SEK 16.4 billion (+7%)Earnings per share SEK 19.80
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RUSSIA
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CHINA AND JAPAN
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USA
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NEW STORES
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MONKI AND WEEKDAY
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COS
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H&M HOME
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SALES PER MARKETFULL-YEAR 2009 (INCLUDING VAT)
SEK m
No. of stores
52276
20191011159
10
36
362
613865
6477639273
114103189167161135
5
4
0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 26,000 28,000 30,000
FranchiseSlovakiaHungary
RussiaLuxembourg
GreeceIrleand
SloveniaCzech Republic
PortugalJapanChina
CanadaPolandFinlandBelgium
ItalyDenmark
AustriaNorway
SwitzerlandSpain
NetherlandsUSA
UKSwedenFrance
Germany
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FIRST QUARTER 2010Net sales SEK 24.8 billion (+7%)– in local currencies +13 percent– in comparable units +2 percent
Gross profit SEK 15.4 billion– gross margin 61.9 percent
Profit after financial items SEK 5.1 billion (+42%)Profit after tax SEK 3.7 billion
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PROFIT TREND2004 – 2009
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DIVIDEND TREND2004 – 2009
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THE COLLECTIONS
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Good working conditionsNew sustainability strategy 2009Code of Conduct for long-term improvements All for Children together with UNICEFWater treatment and reduced carbon dioxide emissions
OUR RESPONSIBILITY
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76,000 employeesBelief in peopleContinuous improvementsStrong H&M spirit Committed employees a prerequisite for successful growth
COMMITTED EMPLOYEES
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Goal: To increase sales with continued high profitabilityLong-term focusNet addition of appr. 240 stores– including 12 COS stores and
25 Monki and Weekday stores– new H&M stores mainly in the US,
the UK, China, France, Germany and Italy
– South Korea and Israel new markets
H&M 2010
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OSAKA – JAPAN
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Continued expansion– COS– Monki and Weekday– H&M Home– online sales in the UK
Attractive offering and commercial collections
H&M 2010
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H & M Hennes & Mauritz AB