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Hugo Boss FY sales grows 12%, net income up 23%
23 Mar '06
2 min read
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.
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
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