H & M Hennes & Mauritz AB (publ) (HNNMY) Q4 2025 Earnings Call January 29, 2026 3:00 AM EST
Company Participants
Joseph Ahlberg – Head of Investor Relations
Daniel Erver – CEO & President
Adam Karlsson – Chief Financial Officer
Conference Call Participants
Niklas Ekman – DNB Carnegie, Research Division
Fredrik Ivarsson – ABG Sundal Collier Introduce
Daniel Schmidt – Danske Bank A/S, Research Division
Adam Cochrane – Deutsche Bank AG, Research Division
Vandita Sood Chowdhary – Citigroup Inc., Research Division
Richard Chamberlain – RBC Capital Markets, Research Division
Georgina Johanan – JPMorgan Chase & Co, Research Division
Sreedhar Mahamkali – UBS Investment Bank, Research Division
Matthew Clements – Barclays Bank PLC, Research Division
Presentation
Joseph Ahlberg
Head of Investor Relations
Good morning, and a warm welcome, everyone. Today, we present the fourth quarter and the full year results for 2025 for the H&M Group. My name is Joseph Ahlberg, and I’m Head of Investor Relations. Before I hand over to our CEO, Daniel Erver, let me briefly outline today’s agenda. As usual, Daniel will start with a high-level overview of the quarter and the full year. This will be followed by a more detailed financial review from our CFO, Adam Karlsson. Daniel will then highlight strategic progress, priorities going forward, and Adam will share a financial outlook. We will close the conference with a Q&A session, where Daniel, Adam and I will be available to answer your questions. So with that, please welcome Daniel.
Daniel Erver
CEO & President
Good morning, everyone, both those of you joining us here and those of you joining us online. Today, I’m concluding my second year as CEO of the H&M Group. And with that, I feel confident that we are on the right track. I want to start by saying that the progress that we saw in the third quarter has continued into the fourth quarter across several