Hugo Boss meets 2018 targets, reveals Q4 sales growth of 7 percent

On a preliminary basis, Hugo Boss Ag said that group sales grew by 7 percent in the reporting currency and 6 percent in local currencies to 783 million euros (889 million dollars) with both the company’s own retail business and the wholesale business recording positive growth. On non-audited basis, Hugo Boss achieved sales of 2,796 million euros (3,174.5 million dollars) for the full year, which represents an increase of 2 percent in the reporting currency and 4 percent on a currency-adjusted basis driven by growth of the group’s own retail business. The group anticipates that EBITDA before special items in 2018 will roughly remain on prior year level at around 491 million euros.