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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


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