HMRZF - H & M Hennes & Mauritz AB (publ) (HNNMY) Q4 2023 Earnings Call Transcript
2024-01-31 16:23:06 ET
H & M Hennes & Mauritz AB (publ) (HNNMY)
Q4 2023 Earnings Conference Call
January 31, 2024 8:00 AM ET
Company Participants
Joseph Ahlberg - Head of Investor Relations
Helena Helmersson - Former Chief Executive Officer
Daniel Erver - President & Chief Executive Officer
Adam Karlsson - Chief Financial Officer
Conference Call Participants
Sreedhar Mahamkali - UBS
Adam Cochrane - Deutsche Bank
Warwick Okines - BNP Paribas
Nick Coulter - Citigroup
Georgina Johanan - J.P. Morgan
William Woods - Bernstein
Richard Chamberlain - RBC
James Grzinic - Jefferies
Nicolas Champ - Barclays
Paul Rossington - HSBC
Presentation
Operator
Good afternoon, and welcome everyone to the H & M Conference Call Full Year Report for 2023. For the first part of this call, all participants will be 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 am pleased to present Joseph Ahlberg, Head of Investor Relations. I will now hand you over to our speakers. Please begin.
Joseph Ahlberg
Hi, everyone. Thank you all for joining us today. Welcome to this telephone conference in connection with the H & M Group's Full Year Report for 2023. With me today is Helena Helmersson, Adam Karlsson, and Daniel Erver. We will start today with the news that Helena Helmersson has decided to leave the CEO role and the H & M Group, and that the Board of Directors today has appointed Daniel Erver as the new CEO. We will hear briefly from both Helena and Daniel before we start with our full year presentation. After that, we will be happy to answer your questions.
Now, I'll hand over to you, Helena.
Helena Helmersson
Thank you so much, Joseph. Well, as communicated this morning, I have today informed the Board my decision to step down as CEO and leave the H & M Group. And for me, this has definitely not been an easy decision as I've spent almost my entire professional life in the H & M Group. I am so proud of what we have achieved in this time. As you can see in today's report, we are gradually taking steps in the right direction and towards our long-term goals.
The last few years have been very intense with the pandemic and several geopolitical and macroeconomic challenges. It has at times been very demanding for me personally and I now feel that it is time to leave the CEO role to slow down a little bit and reflect. I will, of course, secure a good handover to Daniel. He is a very talented leader with a broad competence and experience in many different parts of the company....
H & M Hennes & Mauritz AB (publ) (HNNMY) Q4 2023 Earnings Call Transcript