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HUGO BOSS AG — Earnings Release 2010
Oct 14, 2010
216_rns_2010-10-14_c852b79d-d0c5-46ff-89ae-862aa6bba54d.html
Earnings Release
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News Details
Ad-hoc | 14 October 2010 07:47
HUGO BOSS AG: HUGO BOSS exceeds market expectations in the third quarter and significantly raises outlook for current year
HUGO BOSS AG / Key word(s): Preliminary Results/Change in Forecast
14.10.2010 07:47
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Today, HUGO BOSS publishes preliminary results for the third quarter as the
Group exceeded financial market expectations. At the same time, HUGO BOSS
is increasing top and bottom line expectations for the financial year 2010.
In the third quarter, Group sales reached EUR 538 million, reflecting a
currency-adjusted increase of 14%, and 19% in the reporting currency,
respectively (2009: EUR 450 million). This development was supported by
comparable store sales growth, retail expansion and the first-time
consolidation of the joint venture with the Rainbow Group in China. Group
sales development gained momentum over the course of the third quarter.
EBITDA before special items increased by 42% to EUR 150 million in the
quarter (2009: EUR 105 million).
In light of third quarter results being significantly above original
expectations, the Group raises its financial outlook for the full year. Net
sales are now expected to increase by 5% on a currency-adjusted basis
(previously: 3% to 5%). EBITDA before special items is forecasted to grow
by around 20% (previously: 10% to 12%).
More detail regarding the results of the past quarter and the outlook for
the current financial year will be given during the presentation of Nine
Months Financial Results on November 2, 2010.
Information and Explaination of the Issuer to this News:
Further information on HUGO BOSS can be found on our website at
www.group.hugoboss.com.
If you have any questions, please contact:
Philipp Wolff
Director of Communication
Phone: +49 (0) 7123 94-2375
Fax: +49 (0) 7123 94-2051
Dennis Weber
Head of Investor Relations
Phone: +49 (0) 7123 94-1326
E-Mail: [email protected]
14.10.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: HUGO BOSS AG
Dieselstraße 12
72555 Metzingen
Deutschland
Phone: +49 (0)712 394-0
Fax: +49 (0)712 394-2014
E-mail: [email protected]
Internet: www.hugoboss.com
ISIN: DE0005245534, DE0005245500,
WKN: 524553, 524550,
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Hamburg, München, Düsseldorf, Berlin, Hannover
End of Announcement DGAP News-Service