12th March 2015
HUGO BOSS achieved record sales and earnings last fiscal year. However, the deterioration in market conditions emerging towards the end of the year, in particular in Europe, has continued to affect business in the new year. Despite this, HUGO BOSS expects solid growth in 2015. Thus, currency-adjusted Group sales should rise at a mid-single-digit rate, while operating profit (EBITDA before special items) is projected to increase between 5% and 7%.
"We did well in a challenging market environment last year," said Claus-Dietrich Lahrs, Chief Executive Officer of HUGO BOSS AG, during the Company's annual press conference in Metzingen. "We continued to enhance and hone our strategy. Accordingly, we will be expanding our market position in the luxury and womenswear segments and reinforcing our own retail business by offering omnichannel services. As a result, I am confident that we will again be able to master the macroeconomic challenges this year. Looking ahead over the next few years, HUGO BOSS faces excellent prospects for growth."
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