HUGO BOSS INCREASES ITS FORECAST FOR 2022 THANKS TO ACCELERATED DYNAMIC IN Q2 (German)

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.

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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:

Christian Stoehr

Vice President of Investor Relations

Telephone: +49 7123 94-87563

E-mail: [email protected]

Contact:

Christian Stoehr, Vice President, Investor Relations Tel: +49 7123 94-87563

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07/13/2022 CET / CEST DGAP distribution services include statutory

reporting requirements, corporate / financial news and press releases.

Media archive at http://www.dgap.de

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German

Company: HUGO BOSS AG

Dieselstrasse 12

72555 Metzingen

Germany

Telephone: +49 (0) 712 394-0

Fax: +49 (0) 712 394-80259

E-mail: [email protected]

Website: www.hugoboss.com

ISIN: DE000A1PHFF7

WKN: A1PHFF

Indices: MDAX

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

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1397555 07/13/2022 CET / CEST

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