Hugo Boss first half 2011 sales exceed expectations

German based HUGO BOSS reported a 23% increase in sales for the first half of 2011, reaching a level of 945 million euros and an EBITDA of 195 million euros, a 58% increase compared to the same period 2010. The company revised its overall 2011 sales growth estimate from 12% to 15-17%. Hugo Boss indicated that the positive results have been mainly driven by sales growth in the US and China.