Home / Knowledge / News / Fashion / Hugo Boss Group sales decline 4% in 2016
Hugo Boss Group sales decline 4% in 2016
13
Mar '17
Sales at marketer of luxury goods and premium fashion Hugo Boss Group, declined 4 per cent to €2,693 million in 2016 as against €2,809 million in 2015, while adjusted for currency effects, sales dropped 2 per cent. Sales in local currencies rose 1 per cent in Europe and grew in high single digit range in UK, partially offset by declines in Germany and France.

In 2016, the gross profit margin remained unchanged from the previous year at 66.0 per cent, while EBITDA before special items dropped 17 per cent during the reporting period to €493 million compared to €594 million in 2015

Adjusted EBITDA margin in 2016 stood at 18.3 per cent, down 290 basis points on the prior year.

The group's net income fell higher at 39 per cent to €194 million vis-à-vis €319 million in the prior year.

The German headquartered company plans to propose a dividend of €2.60 per share for 2016 at the annual shareholders meeting, down from €3.62 in the earlier year. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search