Home / Knowledge / News / Apparel/Garments / HUGO BOSS achieves significant growth in sales in H1
HUGO BOSS achieves significant growth in sales in H1
23
Jul '11
HUGO BOSS announced preliminary results for the first half of 2011. At the same time, the Group increased its expectations for sales and profits for the year as a whole.

In the second quarter of 2011, Group sales amounted to EUR 405 million, equivalent to a rise of 29% after adjustment for currency effects, or 25% in the reporting currency (2010: EUR 325 million).

This positive development was due primarily to the comp store sales growth in the Group's own retail business and the expansion of the Group's own retail activities. The most significant increase in sales was posted in China and in the US market. EBITDA before special items rose to EUR 63 million in the second quarter (2010: EUR 31 million).

Net income attributable to shareholders amounted to EUR 31 million, significantly above the previous year's level of EUR 6 million.

HUGO BOSS thus generated sales of EUR 945 million in the first half of 2011 (2010: EUR 769 million). In comparison to the previous year, this represents a rise of 23% both after adjustment for currency effects and in the reporting currency. EBITDA before special items rose by 58% to EUR 195 million in this period (2010: EUR 123 million), while net income attributable to shareholders climbed by 80% to EUR 113 million (2010: EUR 63 million).

In view of the stronger than expected results in the past quarter, the Group is raising its forecasts for the year as a whole. After adjustment for currency effects, an increase in sales of 15% to 17% (previously: at least 12%) is now anticipated.

EBITDA before special items is expected to rise by 25% to 30% (previously: increase of at least 15%).

HUGO BOSS AG


Must ReadView All

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Brandix signs JV with Best Pacific of Hong Kong

Textiles | On 21st Nov 2017

Brandix signs JV with Best Pacific of Hong Kong

In a joint venture (JV) with the global synthetic materials...

CAI estimates 2017-18 cotton crop at 375 lakh bales

Textiles | On 21st Nov 2017

CAI estimates 2017-18 cotton crop at 375 lakh bales

In its first estimate of the cotton crop for the 2017-18 season...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search