Hugo Boss reports 20 percent increase in second quarter

HUGO BOSS AG posted second-quarter net income attributable to equity holders of the parent company of 40.2 million euros or 0.58 euros per share compared to 31.1 million euros or 0.45 euros per share a year ago. Net sales for the quarter rose by 20% to 485.4 million euros from 405.4 million euros in the prior year.

Hugo Boss, Las Vegas

Claus-Dietrich Lahrs, chief executive officer of HUGO BOSS, said, “We again achieved significant increases in sales and earnings in the first six months. This success was driven by increases in all regions. We are therefore confident that we shall achieve our targets for the year as a whole even in a more challenging economic environment.”

Going ahead, HUGO BOSS expects to achieve currency-neutral growth in sales of up to 10% in 2012. The Group projects around 70 new store openings in the course of the year. An increase of between 10% and 12% is expected for the operating result