HUGO BOSS AG — Earnings Release 2002

May 27, 2002

News Details

Ad-hoc | 27 May 2002 08:39

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: Management Board anticipates a slight rise in sales for the full year 2002 and a net income of approx. 95 million EUR Metzingen. At the end of the Spring/Summer season, the fashion company HUGO BOSS has lowered its full year profit forecast for 2002. The Management Board anticipates a net income of approx. 95 million EUR (2001: 107 million EUR). Until now, the company had expected that profits would remain at the same level as in the previous year. Inventory discrepancies during stocktaking in the United States along with a continuing weak U.S. economy are the main reasons. For BOSS Woman the year 2002 is regarded as a transitional year to a new business system where no sales growth is expected and all the basic elements for the future business success are being set up. Therefore, the results for BOSS Woman will be below expectations. The HUGO BOSS core business outside the United States will continue to grow this year both in sales and net income. If you have any questions, please contact: Philipp Wolff Head of Communication Phone: +49 (0) 7123-942375 Fax: +49 (0) 7123-942051 Email:philipp_wolff@hugoboss.com Website:www.hugoboss.com May 27, 2002 end of ad-hoc-announcement (c)DGAP 27.05.2002 ——————————————————————————– WKN: 524550; ISIN: DE0005245500; Index: MDAX Listed: Amtlicher Handel in Frankfurt, Stuttgart; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München 270839 Mai 02