How much money does H and M make a year?
According to H&M's latest financial reports the company's current revenue (TTM) is $22.10 B. In 2022 the company made a revenue of $22.02 B a decrease over the years 2021 revenue that were of $23.07 B.
Hennes & Mauritz AB revenue for the twelve months ending August 31, 2023 was $22.312B, a 3.61% decline year-over-year. Hennes & Mauritz AB annual revenue for 2022 was $22.422B, a 4.01% decline from 2021. Hennes & Mauritz AB annual revenue for 2021 was $23.359B, a 15.86% increase from 2020.
How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Hennes & Mauritz AB net worth as of March 25, 2024 is $20.17B.
Market cap: $23.46 Billion
As of March 2024 H&M has a market cap of $23.46 Billion. This makes H&M the world's 819th most valuable company by market cap according to our data.
This statistic depicts the sales of the H&M Group worldwide from 2006 to 2022. In the fiscal year 2022, global net sales of the H&M Group amounted to about 223.55 billion Swedish kronor. H&M is a leading global fashion company with strong values and a clear business concept.
| Pay Type | Range | Median |
|---|---|---|
| Base Pay | $17 - $31 | $22/hr |
And you won't find out that this single company makes 400,000 pieces (roughly 110 tons) of clothing per day, or around 10 to 12 million units per month, up to a quarter of which will be bound for H&M.
H&M Company Profile
It was founded by Erling Persson in Vasteras in Sweden in 1947 and is now run by his son (and majority shareholder) Stefan Persson, along with his grandson Karl-Johan Persson.
Net Worth and Financial Journey
Despite his unquestionable talent and achievements, as of 2023, Big Daddy Kane's estimated net worth stands at $1.5 million. It's worth noting that given his extravagant lifestyle and penchant for luxury, his net worth could have been considerably higher.
The Persson family, the founders and owners of H&M, originally invested $180 million in the foundation. One of the foundation's projects includes the Green Machine, a recycling technology that would allow clothing to be recycled in a similar way to aluminum can recycling.
What brands do H&M own?
Sweden is well-known for its fashion and design exports, in large part thanks to H&M and IKEA. The H&M Group is one of the leading fashion companies worldwide. It comprises the fashion brands H&M, COS, Weekday, Cheap Monday, & Other Stories, and Monki. Additionally, it operates the H&M Home brand.
Operating profit in the full year ending Nov. 30, 2023, more than doubled, coming in at 14.5 billion Swedish krona, or $1.4 billion, up from 7.17 billion krona the year before. But H&M's fourth-quarter operating profit margin slid, coming in below market expectations. European retail stocks closed around 2.2% lower.
The H&M is the abbreviation for Hennes and Mauritz. In Swedish, Hennes means “hers.” The store was designed keeping women in mind. Later on, they started selling men's fashion clothing as well. Hennes acquired Mauritz — the huntsman apparel store, hence the name H&M.
Total debt on the balance sheet as of August 2023 : $6.87 B
According to H&M's latest financial reports the company's total debt is $6.87 B.
H&M is one of the world's leading fashion retailers, with over 4,700 stores in 74 countries. The company has a long history of understanding and influencing consumer behaviour, and this understanding has helped it to become so successful.
The company operates roughly 4,700 stores worldwide and employs over 100,000 people.
Average H&M hourly pay ranges from approximately £8.19 per hour for Sales Assistant to £9.70 per hour for Logistics Associate. The average H&M salary ranges from approximately £14,697 per year for Sales Assistant to £33,615 per year for Sales Advisor.
Our benefits. As you already know, the prices at H&M are great – but as an employee, they're even better. All our employees are entitled to receive 25% from all H&M brands including H&M, &Other Stories, and COS. Every so often, we need to take time for ourselves.
But amazingly, H&M is ahead of other fast-fashion companies. For one, they do have a plan to improve. For another, the average of $0.49 an hour is higher than what workers in other factories earned, although it's low enough to violate Bangladeshi labor laws.
The company is currently owned by Sky Xu, also known as Chris Xu in the International English media. Today, he is a billionaire after starting the company in 2015 with Molly Miao; Miao is now COO of Shein. Maggie Gu and Henry Ren have also been part of the company since its start.
Where does H&M buy their clothes?
China: main clothing supplier
As seen in the present graph, China, Bangladesh and Turkey are top three locations where H&M sources its products. This is also true for. In Sweden, where the retailer is headquartered, there are a total of 21 suppliers and factories manufacturing H&M's clothing products and accessories.
H&M's production water usage 2017-2022, by type
H&M used 104 liters of water per kilogram of dyed fabric in 2017. By 2020, this volume had fallen to 85 liters per kilogram. The fashion company targets a further reduction in water usage by 2022, to 78 liters per kilogram of dyed fabric.
But that's the only way to make the industry more ethical and sustainable. H&M is known for its affordable prices, from its $9 t-shirts to its $26 party outfits.
The H&M group includes eight clearly defined brands – H&M, COS, Monki, Weekday, & Other Stories, Cheap Monday, H&M Home and ARKET. Together our brands offer customers a wealth of styles and trends in fashion, beauty, accessories and homewares – as well as experiences that now also include modern, healthy food.
H&M Hennes & Mauritz Retail Pvt.
