FULL YEAR REPORT 1 December 2006 – 30 November 2007
• Sales excluding VAT for the H&M Group for the financial year amounted to SEK 78,346 m (68,400), an increase of 15 percent. In local currencies, the increase was 17 percent and in comparable stores 5 percent.
• Profit after financial items for the financial year was SEK 19,170 m (15,808), an increase of 21 percent. Group profit after tax was SEK 13,588 m (10,797), corresponding to SEK 16.42 (13.05) per share, an increase of 26 percent.
• Sales for the fourth quarter excluding VAT amounted to SEK 22,817 m (19,512), an increase of 17 percent compared with the previous year. In local currencies, the increase was 18 percent and in comparable stores 5 percent.
• Profit after financial items for the fourth quarter was SEK 6,221 m (5,440), an increase of 14 percent.
• For the financial year 2007/2008 a net contribution of 190 stores is planned.
• First stores in Russia is planned to open in 2009.
• Egypt, Saudi Arabia, Bahrain and Oman new franchise markets in 2008.
• The Board of Directors proposes a dividend of SEK 14.00 (11.50) per share.
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• Sales in December 2007 increased by 10 percent in local currencies compared to the same month previous year.
• Up to and including 29 January 2008 sales in local currencies have increased by 16 percent compared to the same period previous year.
• Group tax rate for the financial year 2007/2008 is expected to decrease to 27.5 percent from 29.1 percent.
Stockholm, 31 January 2008
The Board of Directors
Contact persons:
Nils Vinge, IR +46-8-796 5250
Leif Persson, CFO +46-8-796 1300
Rolf Eriksen, CEO +46-8-796 5233
Switchboard +46-8-796 5500
The information in this Full Year Report is that which H & M Hennes & Mauritz AB (publ) is required to disclose under the Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. It was released for publication at 08:00 (CET) on 31 January 2008.
Information about H&M and press images are available at www.hm.com
H & M Hennes & Mauritz AB (Publ.)
106 38 Stockholm
Phone: +46-8-796 5500, Fax: +46-8-24 80 78, E-mail: info@hm.com
Registered office Stockholm, Reg .No 556042-7220