HUGO BOSS AG — Earnings Release 2002

Jul 21, 2002

News Details

Ad-hoc | 21 July 2002 19:42

Hugo Boss AG english

Adhoc release HUGO BOSS AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– HUGO BOSS: Given the further decline in overall consumer spending, the HUGO BOSS AG Management Board is projecting reduced net income for the year 2002. Sales will remain steady at the previous year’s level. Metzingen, Germany. At 30 million EUR (2001: 58.9 million EUR), net income for the first half of 2002 will fall below expectations. This is primarily attributable to a negative, non-recurring result in the U.S. and an absence of positive currency influences. Given the persisting adverse environment, the current results are also disappointing, especially in the U.S. retail business. Following the difficult first six months of 2002, no new positive impulses are being anticipated for the fashion segment during the year’s second half. Consequently, the Management Board is lowering its 2002 net income forecast from 95 million EUR to 70 million EUR. The revised figures reflect the ongoing difficulties in the U.S. fashion market. If you have any questions, please contact: Philipp Wolff Director of Communication Phone: +49 (0) 7123-942375 Fax: +49 (0) 7123-942051 email:philipp_wolff@hugoboss.com www.hugoboss.com July 21, 2002 end of ad-hoc-announcement (c)DGAP 21.07.2002 ——————————————————————————– WKN: 524550; ISIN: DE0005245500; Index: MDAX Listed: Amtlicher Markt in Frankfurt, Stuttgart; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München 211942 Jul 02