H & M HENNES & MAURITZ AB FULL-YEAR REPORT


H & M HENNES & MAURITZ AB FULL-YEAR REPORT

•The 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.

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• 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.

* including 13 Monki stores and 7 Weekday stores through H&M's acquisition of
FaBric Scandinavien AB.


Contact persons:

Nils Vinge, IR
+46-8-796 5250

Jyrki Tervonen, CFO
+46-8-796 5277

Karl-Johan Persson, CEO
+46-8-796 5233

Switchboard
+46-8-796 5500

The information in this Interim Report is that which H & M Hennes & Mauritz AB
(publ) is required to disclose under Sweden's Securities Market Act. It will be
released for publication at 7.30 (CET) on 28 January 2010.

Attachments

01272448.pdf