HUGO BOSS AG — Earnings Release 2015

Oct 15, 2015

News Details

Ad-hoc | 15 October 2015 18:23

HUGO BOSS AG: Deterioration of market environment in Asia and slowdown in the Americas weigh on sales and earnings performance of HUGO BOSS in the third quarter of 2015

HUGO BOSS AG / Key word(s): Change in Forecast

15.10.2015 18:23

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The sales development of HUGO BOSS was marked by high levels of volatility
in the third quarter of 2015 (July to September). Total third quarter Group
sales declined by 1% excluding currency effects on a preliminary basis. In
euro terms, they increased by 4% to EUR 744 million. Own retail comp store
sales remained stable year-on-year in local currencies. EBITDA before
special items declined by 8% to EUR 168 million in the third quarter on a
preliminary basis. In addition, the Group's financial result was impacted
by a negative charge of around EUR 16 million related to adverse exchange
rate movements.

In light of weaker than expected trading in the third quarter, Group sales
are now forecasted to increase between 3% and 5% on a currency-adjusted
basis in the year 2015 as a whole. Growth of EBITDA before special items is
projected to range between 3% and 5% as well. This outlook is based on the
assumption that fourth quarter retail comp store sales will remain stable
or develop positively compared to the prior year quarter.

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Information and Explaination of the Issuer to this News:

The sales development of HUGO BOSS was marked by high levels of volatility
in the third quarter of 2015 (July to September). The Group's own retail
business in particular developed unevenly over the period. While
performance in Europe remained strong and in line with original
expectations, momentum in Asia and the Americas deteriorated considerably
towards the end of the period. This was due to sales declines in China as
well as a negative development in the Group's U.S. own retail and wholesale
businesses. Weaker demand from tourists contributed to the slowdown in the
US.

As a result, third quarter Group sales declined by 1% excluding currency
effects on a preliminary basis. In euro terms, they increased by 4% to EUR
744 million. Own retail comp store sales remained stable year-on-year in
local currencies. Due to particularly challenging sales trends in the
Group's directly operated stores (DOS) as well as continued investments in
the medium- and long-term growth potential of HUGO BOSS, EBITDA before
special items declined by 8% to EUR 168 million in the third quarter on a
preliminary basis. In addition, the Group's financial result was impacted
by a negative charge of around EUR 16 million related to adverse exchange
rate movements of the Brazilian Real and the Swiss Franc in particular.

In light of weaker than expected trading in the third quarter, Group sales
are now forecasted to increase between 3% and 5% on a currency-adjusted
basis in the year 2015 as a whole. Growth of EBITDA before special items is
projected to range between 3% and 5% as well. This outlook is based on the
assumption that fourth quarter retail comp store sales will remain stable
or develop positively compared to the prior year quarter.

Final Third Quarter Results will be published as part of the Nine Months
Results announcement on November 3. On the same day, Management will
discuss results in a conference call with analysts and investors.

Further information on HUGO BOSS can be found at hugoboss.com.

If you have any questions, please contact:

Dr. Hjördis Kettenbach
Head of Corporate Communication

Phone: +49 7123 94-2375
Fax: +49 7123 94-80237

Dennis Weber
Head of Investor Relations

Phone: +49 7123 94-86267
Fax: +49 7123 94-886267

15.10.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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: DE000A1PHFF7
WKN: A1PHFF, ,
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Munich

End of Announcement DGAP News-Service

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