HUGO BOSS AG — Earnings Release 2011

Feb 9, 2012

News Details

Ad-hoc | 9 February 2012 07:26

HUGO BOSS AG: Preliminary results for 2011

HUGO BOSS AG / Key word(s): Final Results

09.02.2012 07:26

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HUGO BOSS: Preliminary results for 2011

Metzingen. The Managing Board of HUGO BOSS AG releases key figures from the
preliminary, unaudited consolidated financial statements for 2011.

Key figures for the HUGO BOSS Group:

(in EUR million) 2011 2010 change in %

Sales: 2,059 1,729 +19%
EBITDA before special items: 469 350 +34%
Net income attributable
to shareholders: 284 186 +53%

Metzingen, February 9, 2012

The Managing Board
HUGO BOSS AG
Dieselstrasse 12
72555 Metzingen

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Information and Explaination of the Issuer to this News:

HUGO BOSS closes 2011 with record results

Metzingen, February 9, 2012. The year 2011 was HUGO BOSS' most successful
in its history to date. Sales and earnings reached new highs after
performance in the final quarter of the year was stronger than management
had initially expected.

'2011 was another record year for HUGO BOSS. And 2012 has also got off to a
good start for us,' says Claus-Dietrich Lahrs, CEO of HUGO BOSS AG. 'I am
therefore confident, despite the uncertain economic environment, that we
will take another big step towards achieving our medium-term goals in the
current fiscal year.'

On a preliminary basis, sales in the fourth quarter of 2011 were up 17%
after adjustment for currency effects. In euros, the Group generated an 18%
increase in sales to EUR 499 million (2010: EUR 422 million). Double-digit
increases in all regions and significant growth in the Group's own retail
business contributed to this development. As a result of the positive sales
development and the improvement in the gross profit margin by 240 basis
points to 66.2% (2010: 63.8%), EBITDA before special items rose by 26% to
EUR 97 million (2010: EUR 77 million). The own retail expansion and
efficiency improvements in this distribution channel played a major role in
this increase. Consolidated net income attributable to shareholders reached
EUR 53 million in the fourth quarter of 2011, representing growth of 67% as
compared to the previous year's level of EUR 32 million.

For 2011 as a whole, Group sales thus amounted to EUR 2,059 million on a
preliminary basis (2010: EUR 1,729 million). This corresponds to a 19%
increase both on a currency-neutral basis and in the reporting currency.
With the exception of the wholesale channel, which recorded high
single-digit growth, all regions, distribution channels and brands posted
double-digit sales increases. The gross profit margin rose by 200 basis
points to 61.4% (2010: 59.4%). Supported by efficiency improvements, EBITDA
before special items thus increased by 34% to EUR 469 million (2010: EUR
350 million). At EUR 284 million, consolidated net income attributable to
shareholders was up 53% on the previous year's level of EUR 186 million.

Trade net working capital amounted to EUR 407 million at the end of 2011,
up 26% year-on-year (2010: EUR 323 million). Inventories rose by 21% to EUR
458 million (2010: EUR 377 million). However, net debt decreased by 26% to
EUR 149 million (2010: EUR 201 million) due to the substantial improvement
in earnings.

The Group will publish its audited results for fiscal year 2011 and the
outlook for 2012 on March 14, 2012.

Further information on HUGO BOSS AG can be found on our website
www.group.hugoboss.com.

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Language: English
Company: HUGO BOSS AG
Dieselstraße 12
72555 Metzingen
Germany
Phone: +49 (0)712 394-0
Fax: +49 (0)712 394-2014
E-mail: info@hugoboss.com
Internet: www.hugoboss.com
ISIN: DE0005245534, DE0005245500,
WKN: 524553, 524550,
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München

End of Announcement DGAP News-Service

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