(CercleFinance.com) – Hugo Boss records €1,014 million in sales in the 1st quarter, a figure up 5% compared to the same period a year earlier.
At the same time, the fashion group saw its EBIT reach 69 ME (an increase of 6%), while the group’s net profit stood at 38 ME (+9%), revealing an EPS of 0.55 euro (+9%).
Hugo Boss confirms its forecasts for 2024 with expected sales up 3% to 6% (i.e. between €4.3 and €4.45 billion), EBIT up 5% to 15% (i.e. between €430 and €475 billion) as well as a net profit up by 5% to 15% as well.
“I am pleased that we have recorded further improvements in our sales and profits in the first quarter of 2024,” commented Daniel Grieder, Chairman and CEO of HUGO BOSS.
‘In a volatile market environment, we remain focused on the rigorous execution of our ‘CLAIM 5′ strategy, capitalizing on our numerous growth opportunities,’ he added.
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