(CercleFinance.com) – Hugo Boss announces that its sales reached €1,177 million in the 4th quarter, up 10% compared to the same period a year earlier (and +13% at constant exchange rate).
At the same time, EBIT for the 4th quarter increased by 17%, to reach 121 ME.
Over the entire financial year, sales amounted to €4,197 million, up 15% (+18% at constant exchange rates), with an EBIT of €410 million, up 22%.
Daniel Grieder, CEO of Hugo Boss, welcomed these results, particularly given the current difficult global market environment.
‘We have laid a solid foundation to continue our trajectory of capturing market share and further progress to become one of the world’s 100 largest brands,’ he said.
As a reminder, by 2025, Hugo Boss aims to generate a turnover of 5 billion euros and an EBIT of at least 600 million euros, i.e. an EBIT margin of at least 12%.
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