HUGO BOSS AG publishes preliminary financial statements for 2007
Metzingen. The Managing Board of HUGO BOSS AG publishes the key figures from the preliminary, unaudited financial statements for 2007.
Compared to 2006, the HUGO BOSS fashion group increased total sales in the fiscal year just ended by 9% to EUR 1,632 million. Adjusted for currency effects, sales increased by 12%.
Earnings before taxes increased by 18% to EUR 212 million (2006: EUR 180 million).
Thus, the HUGO BOSS Group exceeded its own targets of 10-12% currency-adjusted sales growth and 12-15% improvement of earnings before taxes.
Key figures of the HUGO BOSS Group:
| (EUR million) |
2007 |
2006 |
Changes in % |
| Sales: |
1,632 |
1,496 |
9% |
| EBIT: |
220 |
184 |
19% |
| Earnings before taxes: |
212 |
180 |
18% |
| Net income |
154 |
129 |
20% |
|
The audited financial statements will be published in the Annual Press and Analyst Conference in Metzingen on March 27, 2008.
Metzingen, February 6, 2008
The Managing Board
HUGO BOSS AG
Dieselstrasse 12
72555 Metzingen
Issuer’s information/explanatory remarks concerning this ad-hoc announcement:
HUGO BOSS: Preliminary year-end figures for 2007
Group sales rise by 9% to EUR 1,632 million, currency-adjusted by 12%
Earnings before taxes increased by 18% to EUR 212 million
Net income up 20% to EUR 154 million
Metzingen, February 6, 2008. Compared to 2006, the HUGO BOSS fashion group increased total sales in the fiscal year just ended by 9% to EUR 1,632 million. Adjusted for currency effects, sales increased by 12%.
Earnings before interest and taxes (EBIT) improved by 19% to EUR 220 million (2006: EUR 184 million). The increase in earnings before taxes (EBT) to EUR 212 million reflects growth of 18% compared to 2006 (EUR 180 million). Net income increased by 20% to EUR 154 million (2006: EUR 129 million).
Thus, the HUGO BOSS Group exceeded its own targets of 10-12% currency-adjusted sales growth and 12-15% improvement of earnings before taxes.
“A 29% increase in sales to EUR 209 million reflects the continued very dynamic growth of BOSS Womenswear in 2007," said Dr. Bruno Sälzer, Chairman of HUGO BOSS AG's Managing Board. "The improvement of our own retailing activities at 25% to EUR 239 million and the 16% increase to EUR 176 million in shoes and leather accessories also contributed very significantly to our growth.”
For fiscal 2008, the Managing Board of HUGO BOSS AG expects to break further records in sales and earnings.
The audited financial statements will be published in the annual press and analyst conference in Metzingen on March 27, 2008.
This document contains forward-looking statements that reflect management’s current views with respect to future events. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties. If any of these or other risks and uncertainties occur, or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. We do not intend or assume any obligation to update any forward-looking statement, which speaks only as of the date on which it is made. | 
