1. How did sales develop in fiscal 2008?

In fiscal year 2008, HUGO BOSS’ sales increased in local currency-adjusted by a good 6 %. Sales growth was therefore in line with expectations. Positive sales performance was especially driven by strong sales growth outside Europe, high attractiveness of the BOSS and HUGO brands as well as sales growth in own retail.

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2. How did income develop in fiscal 2008?

Operating income (EBI T) decreased from EUR 220 million in 2007 to EUR 190 million in fiscal 2008. EBIT amounted to EUR 226 million in fiscal year 2008 after adjustment for special items. Special items are defined by HUGO BOSS primarily as expenses arising from the changes in the Managing Board as well as one-off consulting expenses as part of the Group’s medium-term strategic orientation written by the new Managing Board. Additional extraordinary expenses were a result of the strategic realignment of the organization’s structure and the related streamlining of personnel. EBI T after adjustments for special items amounted to EUR 226 million.

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