H & M Hennes & Mauritz AB (publ) (HNNMY) Q4 2022 Earnings Call Transcript

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H & M Hennes & Mauritz AB (publ) (OTCPK:HNNMY) Q4 2022 Earnings Conference Call January 27, 2023 8:00 AM ET

Company Participants

Nils Vinge - Head, IR

Helena Helmersson - CEO

Adam Karlsson - CFO

Conference Call Participants

Richard Chamberlain - RBC

Georgina Johanan - JPMorgan Chase

Rebecca McClellan - Santander

Nick Coulter - Citigroup

Adam Cochrane - Deutsche Bank

James Grzinic - Jefferies

Hannah Boland - Telegraph Media Group Limited

Simon Irwin - Credit Suisse

Anne Critchlow - Societe Generale

Nicolas Champ - Barclays


Good afternoon. My name is Nadia, and I'll be your conference call operator today. At this time, I would like to welcome everyone to the H&M Conference Call Full Year Report for 2022. For the first part of this call, all participants will be in a listen-only mode during the speaker presentation, and afterwards there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

Today, I'm pleased to present Nils Vinge, Head of Investor Relations. And I will now hand you over to our speakers. Please begin.

Nils Vinge

Hi, everyone. Thank you all for joining us today, and welcome to this telephone in connection with H&M Group's full year report 2023 (sic) 2022. With me today is our CEO, Helena Helmersson; and our CFO, Adam Karlsson. We will now start with a short summary of the fourth quarter and full year, after that, we will be happy to answer your questions. You'll find the full year report at hmgroup.com Investor Relations.

Now I'll hand over to you, Helena.

Helena Helmersson

Thank you very much, Nils.

So we started the year having left the worst of the negative effects of the pandemic behind us. Then war broke out in Ukraine and we quickly decided to post sales in

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