2018 gets off to a successful start for HUGO BOSS

Quarterly Statement for Q1 2018

Metzingen, May 2, 2018

2018 gets off to a successful start for HUGO BOSS

·      Currency-adjusted Group sales up 5% in the first quarter

·      Retail comp store sales up 7%

·      Online business growing at a double-digit rate

·      Slight increase in EBITDA before special items

·      Full year financial outlook confirmed

“We made a good start to 2018,” says Mark Langer, CEO of HUGO BOSS AG. “Our growth is broad-based. The strong increase in the Group’s own retail business shows that our new collections are being well received by customers. Our investments in the quality of our products and the desirability of our brands are therefore paying off. Also, the substantial progress achieved in the online business is encouraging. This positive performance strengthens our confidence that we will achieve our sales and earnings targets for the full year.”

HUGO BOSS achieved sales growth in all three regions in the first quarter. Group sales increased by 5%, totaling EUR 650 million. The dynamic performance in the U.S. and Asia continued. The Group’s own retail business again provided the growth driver, with comp store sales up 7%. The own online business grew dispro­portionately, recording double-digit growth rates. Sales in the wholesale business also increased slightly. At EUR 99 million, the operating profit was up slightly compared with the prior year. Investments in product quality, the digital transformation of the business model and the strong euro have curbed the profit increase.