Hugo Boss reports 7% turnover increase in fourth quarter 2013
For the fourth quarter of fiscal 2013, Hugo Boss Group generated sales of 649 million euro , an increase of 7% ( +10% at constant exchange rates ) compared to the same period of 2012.
All the major markets of the house contributed to the quarterly performance , primarily Europe. The German fashion house has also achieved a double-digit growth of the retail business , thanks to new store openings . The quarterly EBITDA achieved an increase of 17 % to 157 million euro. In the preliminary results, the 2013 exercise closed with a turnover of 2.4 billion Euros , an increase of 4% compared to 2012 (+6% without the effect of currency ) . EBITDA before recorded a 7% jump to 565 million euro .
“We are seeing enough signs that we can grow faster in 2014 than we did in 2013,” Chief Financial Officer Mark Langer told Reuters after the group reported a 6 percent rise in 2013 sales on Friday. Hugo Boss expects sales from its own stores will rise by over 10 percent in 2014, while wholesale revenues will be flat, Langer said.
There are major expectations for Hugo Boss’ women’s line, the first collection signed by Jason Wu will be presented on February 12 during New York Fashion Week. Besides the much anticipated women’s catwalk show in New York, Hugo Boss is also the main sponsor of the exhibition “Bailey ‘s Stardust “, dedicated to photographer David Bailey , which opened February 6 at the National Portrait Gallery in London.