Home / Knowledge / News / Fashion / Hugo Boss FY sales grows 12%, net income up 23%

Hugo Boss FY sales grows 12%, net income up 23%

Mar '06
Fashion house Hugo Boss AG has announced the financial results for fiscal 2005 at the press conference in Metzingen.

The fashion group has reported an increase in sales of 12 percent to €1,309.4 million compared to €1,168.4 million last year.

Along with Boss Womenswear, which climbed by 38 percent to €95.7 million compared to €69.3 million previous year, the shoes and leather accessories product lines, which were integrated into the group's business in fiscal 2004, played a major role in the sales increase.

Another significant factor in the positive sales trend during fiscal 2005 was the accelerated expansion of the group's Directly Operated Stores (DOS) business, which rose by 41 percent to €137.5 million compared to €97.6 million in 2004.

Earnings before interest and tax (EBIT) grew by 20 percent to €162.9 million. Net income rose disproportionately strong by 23 percent to €108.2 million compared to €88.2 million in 2004.

“Hugo Boss achieved new records in sales and earnings in fiscal 2005. The main reason for the increase is the successful realignment of our business with the three growth segments of Womenswear, Shoes and Leather Accessories, and Directly Operated Stores (DOS).

“We are thus well positioned for the future and are confident that we can continue to grow significantly stronger than the global fashion market,” said Dr Bruno Sälzer, CEO of Hugo Boss, in his outlook on fiscal 2006.

Hugo Boss AG has maintained its position as global market leader in the high fashion market for many years.

Hugo Boss products are available throughout the world in 102 countries and more than 5,000 retail shops. These include flagship stores, freestanding stores, shop-in-shops and traveler shops run by franchisees or directly by Hugo Boss.

Hugo Boss AG

Must ReadView All


Textiles | On 22nd Apr 2021

ECOS urges EC to apply ecodesign principles to textile products

The international NGO Environmental Coalition on Standards (ECOS) has ...

Pic: Salvatore Ferragamo

Apparel/Garments | On 22nd Apr 2021

Salvatore Ferragamo launches new platform to discuss sustainability

Italian luxury goods company Salvatore Ferragamo has launched...

Pic: Lululemon

Apparel/Garments | On 22nd Apr 2021

Canadian retailer Lululemon announces sustainability initiatives

Canada-based Lululemon Athletica has announced 2 new initiatives that ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Textile Industry, Head honchos

Textile Industry
Head honchos

Increased need for online fitting solutions as retailers shift to...

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor <g...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

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

Advanced Search