Hugo Boss AG reported higher profit in the third quarter despite weak sales. Net income attributable to equity holders of the parent grew 7 percent to 59 million euros. Earnings per share increased 7 percent to 0.85 euro. Operating result or EBIT remained stable at 95 million euros, with an EBIT margin increase to 9.6 percent. Group sales fell 4 percent to 989 million euros due to challenging market conditions. Sales in the Americas improved but declined in EMEA and Asia/Pacific. Hugo Boss maintained its fiscal 2025 outlook with sales and EBIT expected at the lower ends of guidance ranges.

Group sales are projected between 4.2 billion euros to 4.4 billion euros, and EBIT between 380 million euros to 440 million euros. Hugo Boss will provide an update on its “CLAIM 5” strategy on December 3.

Read more at Nasdaq: Hugo Boss Q3 Profit Rises, Sales Down; Now Expects FY25 Results At Low-end Of Outlook Ranges