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Hugo Boss' Boss Woman net income sharply up in Q3

14
Nov '05

High fashion market leading company The HUGO BOSS Group presented the first nine months fiscal 2005 results. Sales of the HUGO BOSS fashion group increased by 12 percent to EUR 439 million in the third quarter of the current fiscal year (Q3 2004: EUR 393 million).

At the end of the first nine months of 2005, cumulative sales had improved by 12 percent to a total of EUR 1,063 million (Q1-Q3 2004: EUR 947 million). Adjusted for currency fluctuations, the sales increase for the first nine months of 2005 was 13 percent.

In Europe, the HUGO BOSS Group's positive sales trend allowed it to outperform the overall market, which remained difficult. At EUR 756 million, sales for the first nine months of 2005 were up 11 percent over the same period in 2004 (Q1-Q3 2004: EUR 679 million).

HUGO BOSS also saw significant growth in Germany in the first nine months despite the sustained weak market, with sales increasing by 10 percent to EUR 251 million (Q1-Q3 2004: EUR 229 million).

In the rest of Europe, HUGO BOSS experienced similar growth as a whole. At the end of the first nine months of 2005, sales had increased by 26 percent in Scandinavia to EUR 44 million (Q1-Q3 2004: EUR 35 million), by 21 percent in Spain to EUR 36 million (Q1-Q3 2004: EUR 30 million), by 18 percent in France to EUR 104 million (Q1-Q3 2004: EUR 88 million), and by 8 percent in the United Kingdom/Ireland to EUR 79 million (Q1-Q3 2004: EUR 73 million). In Italy, however, sales for the first nine months of 2005 were down slightly by 3 percent to EUR 43 million due to the overall weak market (Q1-Q3 2004: EUR 44 million).

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