H & M Hennes & Mauritz AB (publ) (HNNMY) Q3 2025 Earnings Call Transcript


H & M Hennes & Mauritz AB (publ) (OTCPK:HNNMY) Q3 2025 Earnings Call September 25, 2025 3:00 AM EDT

Company Participants

Joseph Ahlberg – Head of Investor Relations
Daniel Erver – CEO & President
Adam Karlsson – Chief Financial Officer

Conference Call Participants

Fredrik Ivarsson – ABG Sundal Collier Introduce
Niklas Ekman – DNB Carnegie, Research Division
Daniel Schmidt – Danske Bank A/S, Research Division
Adam Cochrane – Deutsche Bank AG, Research Division
Alexander Richard Okines – BNP Paribas Exane, Research Division
James Grzinic – Jefferies LLC, Research Division
Richard Chamberlain – RBC Capital Markets, Research Division
Monique Pollard – Citigroup Inc., Research Division
Georgina Johanan – JPMorgan Chase & Co, Research Division
Sreedhar Mahamkali – UBS Investment Bank, Research Division
Matthew Clements – Barclays Bank PLC, Research Division
William Woods – Sanford C. Bernstein & Co., LLC., Research Division

Presentation

Operator

Good morning, and welcome, everyone, to H&M Group’s Conference Call Nine-Month Report for 2025. [Operator Instructions] Please be advised that this conference is being recorded.

Today, I am pleased to present Joseph Ahlberg, Head of Investor Relations. I will now hand over to our speakers. Please begin.

Joseph Ahlberg
Head of Investor Relations

Good morning, and warm welcome to everyone. Today, we present the third quarter results for 2025 for the H&M Group. I am Joseph Ahlberg, and I’m Head of Investor Relations. Before I hand over to our CEO, Daniel Erver, I would like to share this morning’s setup. As usual, Daniel will share a short summary of our results, a run-through of selected highlights from the quarter as well as a brief outlook, then we will continue with a Q&A where Daniel; our CFO, Adam Karlsson; and I, will be available to answer your questions.

So with that, please go ahead, Daniel.

Daniel Erver
CEO & President

Thank you, Joseph, and good morning to everyone. It’s great to have the



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