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Hugo Boss sees record sales
Source: Miscellaneous 07-03-2024

Germany 07-03-2024

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Hugo Boss reported an 18% uptick in currency-adjusted group sales in Q4 last year to a record €4.2 billion. EBIT jumped 22% to €410 billion while EBIT margin grew 60 basis points to 9.8%, driven by strong menswear and womenswear sales.

It expects sales in 2024 to grow by 3% to 6% to be in the range of €430 billion and €445 billion. EBIT is forecast to grow at a lower rate of 5% to 15% to be between €430 billion and €475 billion. EBIT margin is expected to improve by 10% to 10.7%.