Interviews
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
News Flash
Hugo Boss delivers strong results in gloomy time
04 Nov '11
4 min read
Net financial liabilities are decreasing
At the end of the reporting period, net financial liabilities amounted to EUR 247 million and were 19% below the previous year's figure (September 30, 2010: EUR 304 million). The main reason for the decrease was the marked improvement in consolidated net income.
Forecast for the year as a whole confirmed
On the basis of the third quarter's results and positive feedback from retailers, the Managing Board confirmed its targets for 2011. Group sales should rise by 15%-17% on a currency-adjusted basis. This development is driven by the continued expansion of own retail and strong growth in China and the USA. An increase of 25%-30% is forecasted for the operating result.
At the end of the reporting period, net financial liabilities amounted to EUR 247 million and were 19% below the previous year's figure (September 30, 2010: EUR 304 million). The main reason for the decrease was the marked improvement in consolidated net income.
Forecast for the year as a whole confirmed
On the basis of the third quarter's results and positive feedback from retailers, the Managing Board confirmed its targets for 2011. Group sales should rise by 15%-17% on a currency-adjusted basis. This development is driven by the continued expansion of own retail and strong growth in China and the USA. An increase of 25%-30% is forecasted for the operating result.
Hugo Boss AG
Popular News
Leave your Comments
Editor’s Pick
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
Ritesh Dodhia
Dodhia Synthetics Limited
Fan Liyuan
JIANGSU YINGYANG NONWOVEN MACHINERY CO., LTD
Salvatore Piccione
Label - Salvatore Piccione
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
