From RTTNews:

HUGO BOSS reported that the final quarter of 2023 was its most successful ever in terms of sales. The company exceeded its sales and earnings targets for the full year, with a 10% increase in sales in reporting currency. The fourth quarter EBIT increased by 17% to 121 million euros, and currency-adjusted sales grew by 13% to 1.18 billion euros.

For the full fiscal year 2023, HUGO BOSS saw a 22% increase in EBIT to 410 million euros and an 18% increase in currency-adjusted sales, reaching a record level of 4.20 billion euros. The company expects the EBIT margin for 2023 to increase to a level of 9.8%.

HUGO BOSS plans to release its final results for 2023 and financial outlook for fiscal 2024 on March 7, 2024. The company also raised its 2025 financial ambition earlier in the year, making fiscal 2023 an important milestone in reaching that goal.



Read more: HUGO BOSS Preliminary Q4 EBIT Up 17%; Meets 2023 Sales, Earnings Targets