The fashion group Hugo Boss is looking a little more cautiously at the current year. In 2025, sales and earnings before interest and taxes (EBIT) are likely to be at the lower ends of the forecast ranges of 4.2 to 4.4 billion euros and 380 to 440 million euros, respectively, as the company announced on Tuesday in Metzingen. Hugo Boss referred to economic uncertainties and negative exchange rate effects.
In the third quarter, sales fell by four percent year-on-year to 989 million euros; adjusted for currency effects, Hugo Boss recorded a decline of one percent. While revenues in the European region and in Asia/Pacific fell on a currency-adjusted basis, the group was able to increase on this basis in America – thanks to a moderate increase in sales in the US market and double-digit growth in Latin America.
The ongoing savings program had a positive impact on the gross margin – which increased by one percentage point to 61.2 percent. Earnings before interest and taxes (EBIT) remained stable at 95 million euros. The bottom line is that Hugo Boss earned seven percent more thanks to an improved financial result of 60 million euros. The numbers were roughly in line with expectations.