2011 a record year for Hugo Boss AG

15 Mar '12

4 min read

Given the strong earnings performance in the past year, the Managing Board and Supervisory Board of HUGO BOSS AG have resolved to propose a significant dividend increase at the Annual Shareholders' Meeting. The dividend per ordinary share for fiscal 2011 is to be increased to EUR 2.88 (dividend for fiscal 2010: EUR 2.02) and the dividend per preferred share to EUR 2.89 (dividend for fiscal 2010: EUR 2.03).

This proposal corresponds to a payout ratio of 70% of consolidated net income attributable to shareholders for 2011.

HUGO BOSS expects to generate sales growth of up to 10% after adjustment for currency effects in 2012, with all regions and distribution channels contributing to this growth. The Group plans to open around 50 new stores on an organic basis over the course of the year.

Primarily due to the planned expansion of the Group's own retail network as well as renovations of existing stores, capital expenditure in 2012 will exceed the previous year's level. EBITDA before special items is expected to increase at a slightly higher rate than sales.

Hugo Boss AG

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