Hugo Boss sales grow by 16% in the first half

01 Aug '12

4 min read

The growth was primarily attributable to higher trade receivables because of significantly higher delivery volumes towards the end of the period compared with the previous year. The increase in inventories slowed compared with the previous quarter and amounted to 17% in reporting currency and 9% adjusted for currency effects at the end of the period. At EUR 41 million, investments were 11% up on the level of the previous year (2011: EUR 37 million). Net debt increased by EUR 12 million to EUR 301 million (2011: EUR 289 million) as a consequence of these developments and an increase in the dividend payment.

HUGO BOSS expects to achieve currency-neutral growth in sales of up to 10% in 2012. All regions are to contribute to this. While wholesale sales will remain roughly stable, a double-digit increase is forecast in own retail. The Group projects around 70 new store openings in the course of the year. Particularly as a result of the planned expansion in the own retail network and renovation of existing stores, investments will exceed the figure for the previous year in 2012. An increase of between 10% and 12% is expected for the operating result (EBITDA before special items).

The Hugo Boss Group

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