Hugo Boss sales increase 6 percent full fiscal year 2013
Hugo Boss increased sales and earnings to new record levels in fiscal year 2013. For the last fiscal year the net income have recorded 333,4 millions euros, and the total sales 2,43 billions of euros. For2014, management projects high single-digit growth in currency-adjusted sales and earnings.
“We have continued writing the success story that is Hugo Boss over the past fiscal year,” comments Claus-Dietrich Lahrs, CEO of Hugo Boss, adding, “We have been able to further enhance the quality of our brand presence. This year and beyond, we will profit from the greater strength and global reach of the Boss brand. I am confident that we will accelerate our rate of growth compared to the prior year.”
In the fourth quarter growth in Europe was up 13 percent, Americas 9 percent, Asia/Pacific 5 percent. In the wholesale business, sales adjusted for currency effects were up 1 percent year-on-year, while sales in the group’s own retail business rose 17 percent including factory outlets and the online business.
In light of the positive development expected in 2014, the group anticipates that it will generate sales of 3 billion euros (4.1 billion dollars) in 2015. Hugo Boss has also set itself the target to increase the adjusted EBITDA margin to 25 percent in the medium term.