H & M Hennes & Mauritz AB (publ) reported consolidated and standalone earnings results for the fourth quarter and full year ended November 30, 2015. For the quarter, the company reported consolidated operating profit of SEK 7,084 million compared to SEK 7,731 million a year ago. Profit after financial items was SEK 7,148 million compared to SEK 7,799 million a year ago. Profit for the period was SEK 5,526 million compared to SEK 6,222 million a year ago. Earnings per share were SEK 3.34 compared to SEK 3.76 a year ago. Sales, which rose to SEK 48.7 billion ($5.7 billion) from SEK 42.6 billion a year earlier, could have been higher had it not been for 'the unseasonably mild weather' across Europe and North America in November. The fourth quarter sales grew by 14% as the company expanded with new shops in India, South Africa, Peru and Taiwan.

For the full year, the company reported consolidated operating profit of SEK 26,942 million compared to SEK 25,583 million a year ago. Profit after financial items was SEK 27,242 million compared to SEK 25,895 million a year ago. Profit for the period was SEK 20,898 million compared to SEK 19,976 million a year ago. Earnings per share were SEK 12.63 compared to SEK 12.07 a year ago. Cash flow from current operations was SEK 24,067 million compared to SEK 24,156 million a year ago. Investments, in terms of CapEx, totaled SEK 12.1 billion for 2015, an increase from SEK 9.4 billion in 2014. Investments covered mainly new stores, refurbs, online and logistics.

For the quarter, the company reported standalone operating profit of SEK 1,017 million compared to operating loss of SEK 147 million a year ago. Profit after financial items was SEK 13,074 million compared to SEK 13,927 million a year ago. Profit for the period was SEK 12,835 million compared to SEK 13,936 million a year ago.

For the full year, the company reported standalone operating profit of SEK 3,494 million compared to SEK 513 million a year ago. Profit after financial items was SEK 16,929 million compared to SEK 16,248 million a year ago. Profit for the period was SEK 16,140 million compared to SEK 16,108 million a year ago.

The company plans to open 425 stores in the year 2016, including its first stores in New Zealand, Cyprus and Puerto Rico. The company has 23 online markets and planned to add nine more in the year 2016: Ireland, Japan, Greece, Croatia, Slovenia, Estonia, Latvia, Lithuania and Luxembourg.

For 2016, CapEx is expected to be at SEK 13.5 billion to SEK 14.5 billion.