Record level from EUR 3.3 billion to EUR 3.5 billion ^
DGAP-Ad-hoc: HUGO BOSS AG / Keywords: Quarterly results / forecast change
HUGO BOSS AG: HUGO BOSS UPGRADES FOR 2022 WITH ACCELERATED DYNAMICS
In the second quarter
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07/13/2022 / 18:58 CET / CEST
Publication of confidential information pursuant to Art. 17 of the Regulation
(EU) No 596/2014, provided by DGAP – EQS Group AG service.
The issuer / publisher is responsible for the content of the application.
Metzingen, July 13, 2022
HUGO BOSS INCREASES ITS FORECAST FOR 2022 WITH ACCELERATED DYNAMICS IN Q2
* Currency neutral Group sales in Q2 2022 increased by 34% to EUR 878 million
EUR upwards, up by 29% compared to Q2 2019.
* Q2 EBIT is EUR 100 million, well above the previous year’s level
* Outlook for fiscal year 2022: sales should now rise
Record level of 3.3 billion euro to 3.5 billion euro of growth (+ 20% to +25
%); EBIT is expected to increase to between EUR 285 million and EUR 310 million
(+ 25% to + 35%)
After a successful start to the year, HUGO BOSS has consolidated its financial and
operational development continued to accelerate in the second quarter. Persistent
the successful implementation of the “CLAIM 5” development strategy and the beginning
This was due to the renewal of the BOSS and HUGO brand identity, which began in 2022.
this dynamics. As a result, HUGO BOSS saw strong sales and
Earnings improvement compared to the previous year, and hence
far exceeded the overall market expectations for the second quarter.
The Group’s initially currency-neutral sales came second
An increase of 34% compared to the same period last year. In group currency
sales increased by 40% to a total of EUR 878 million in the three-month period
(Q2 2021: EUR 629 million). This is the highest turnover ever recorded by HUGO BOSS
reached the second quarter. Compared to the second quarter of 2019
Sales of the currency-neutral group increased by 29% (Q2 2019: EUR 675 million).
This means further acceleration from the first quarter,
driven by particularly strong demand in Europe and America.
Initially, HUGO BOSS hit one in the second quarter of 2022.
operating profit (EBIT) of EUR 100 million and was therefore significantly higher
above the level of the previous year (Q2 2021: EUR 42 million). This reflects in
above all, a strong increase in sales and a noticeable improvement
reflection of the gross margin. The latter has benefited in particular from the growth
products sold at full price. Compared to pre-pandemic levels
EBIT increased by 25% (Q2 2019: EUR 80 million).
Against the backdrop of strong sales and profit growth in the second year
Quarter and taking into account the ongoing macroeconomic situation
uncertainty, HUGO BOSS is raising its outlook for the current financial year
on. The company now forecasts consolidated sales in
Financial year 2022 from + 20% to + 25% to a record level of 3.3
EUR billion to EUR 3.5 billion (previous forecast: increase
from + 10% to + 15% to the level of EUR 3.1 billion to EUR 3.2 billion).
For the EBIT in the financial year 2022, an increase by + 25%
and + 35% to between EUR 285 million and EUR 310 million
(previous forecast: increase from + 10% to + 25% to the amount
between EUR 250 million and EUR 285 million).
HUGO BOSS publishes full Q2 results
2022 August 3 (7:30 CEST).
If you have any questions, please contact us:
Vice President of Investor Relations
Telephone: +49 7123 94-87563
E-mail: [email protected]
Christian Stoehr, Vice President, Investor Relations Tel: +49 7123 94-87563
07/13/2022 CET / CEST DGAP distribution services include statutory
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Company: HUGO BOSS AG
Telephone: +49 (0) 712 394-0
Fax: +49 (0) 712 394-80259
E-mail: [email protected]
Exchanges: Regulated market in Frankfurt (Prime Standard),
Stuttgart; Open market in Berlin, Dusseldorf, Hamburg,
Hanover, Munich, Tradegate Exchange
EQS message ID: 1397555
End of news DGAP news service
1397555 07/13/2022 CET / CEST