DGAP-Adhoc: HUGO BOSS AG: HUGO BOSS adjust medium-term

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Nov 25, 2013 at 7:00 PM

DGAP-Adhoc: HUGO BOSS AG: HUGO BOSS adjust medium-term earnings outlook

HUGO BOSS AG / Key word(s): Change in Forecast/Results Forecast 26.11.2013 00:48 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Managing Board of HUGO BOSS AG confirms its goal of achieving the planned sales of EUR 3 billion in 2015. However, the Group is assuming the EBIDTA margin target of 25% will only be reached after 2015. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: At its Investor Day in Hong Kong today, the Managing Board of HUGO BOSS AG reports on the progress in medium-term business development and confirms its goal of achieving the planned sales of EUR 3 billion in 2015. The continuing global expansion of HUGO BOSS in conjunction with growing retail activities will also drive the Group's success going forward. HUGO BOSS expects to generate more than 60% of its sales in 2015 by selling collections directly to consumers. Thanks to the opening of new retail locations in the major cities of the world, combined with faster than anticipated integration of wholesale floor space, HUGO BOSS has been able to distance itself from the decelerating world economy in terms of sales. Despite the investments associated with this, which suppressed margin progress in the last two years, HUGO BOSS is confirming its objective of continuously improving its profitability. In addition to systematic expansion and enhancement of its store network, the Group will intensify investments in brand communication towards the end consumer to accelerate Group growth and achieve a 25% EBITDA margin. However, the Group is assuming this goal will only be reached after 2015. The Company feels there is considerable further potential in all strategic growth areas to expand its market position as one of the global leaders in the premium and luxury apparel segment: HUGO BOSS is supplementing its core competence in the field of premium menswear with a significantly strengthened range in the men's luxury segment. Womenswear will receive a substantial upgrade from the cooperation with Jason Wu as the Artistic Director for BOSS Woman, thereby activating existing sales potential in a more targeted manner than in the past. The expansion of the Group's high-quality own retail network and the extension of active space management in department stores is allowing HUGO BOSS to stage a globally consistent brand presence, thereby offering its customers an inspirational shopping experience and increasing penetration in established sales regions. In this context, at the Investor Day today, HUGO BOSS is highlighting its ambition of gaining further market share in Asia and China in particular. For this purpose, the Group is investing in the perception of its brands and the appeal of its market presence. Finally, with measures to boost its global operative performance especially in logistics and IT, HUGO BOSS is expanding its competitive edge in this area. Claus-Dietrich Lahrs, CEO of HUGO BOSS AG, comments: 'In the last few years we have strengthened HUGO BOSS as a global brand and geared it more directly to consumers. Today, customers experience our brand world as even more high value. It is therefore the right decision to invest in the strength of our brands and distribution, thereby creating very good long-term growth prospects for the company.' Further Information All presentation materials for the Investor Day are available for download in the Investor Relations section of the Company's website at www.group.hugoboss.com. A webcast replay of the presentations by the Managing Board will be available after the event. If you have questions, please contact: Dr. HjÃ¶rdis Kettenbach Head of Corporate Communications Tel: +49 (0) 7123 94-2375 Fax: +49 (0) 7123 94-2051 Dennis Weber Head of Investor Relations Tel: +49 (0) 7123 94-86267 Fax: +49 (0) 7123 94-886267 26.11.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: HUGO BOSS AG DieselstraÃ?e 12 72555 Metzingen Germany Phone: +49 (0)712 394-0 Fax: +49 (0)712 394-2014 E-mail: info@hugoboss.com Internet: www.hugoboss.com ISIN: DE000A1PHFF7 WKN: A1PHFF, , Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, Hannover, MÃ¼nchen End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

eGlint's Rapid Tech Revolutionizes Proteomics with Win

A Game-Changer in Proteomics Now ain't this something—eGlint just scooped up the 2026 BioTools Innovator Grand Prize, waving a big ol' $250,000 check around and claiming the biotech spotlight with their swift-moving ProteoNex™ platform. Forget about sticking samples through sluggish labs and waiting an eternity; eGlint's tech is flipping the switch, serving up protein...

Plata Hits $1 Billion ARR in Record Digital Bank Growth

Plata Rocks the Boat with Rapid Revenue Growth When a digital bank like Plata rakes in $1 billion in Annual Recurring Revenue (ARR) within just 3.5 years, you can't just shrug it off. That's blazing fast by any standard, especially for a financial institution. Emerging from Mexico, this bank's rocket-like ascent is flinging the doors wide open for what's possible in the...

Standex's New Financial Lead: Stoddard Takes Helm

New Financial Captain Aboard Standex's Ship Alright, here's something that'll have investors nodding along with interest: Standex International has just named Samantha L. Stoddard as their incoming Chief Financial Officer and Treasurer, effective December 1, 2026. Now, Standex isn't some scrappy upstart. We're talking about a veteran manufacturer intricately working...

Ama La Vida's New Coaching: More Than a Financial Plan

Breaking the Retirement Myth Retirement ain't just about sailing off into the sunset with a fat wallet. What happens when the honeymoon period of the "golden years" ends and you're left pacing the floorboards, unsure of what comes next? Enter Ama La Vida's fresh approach to retirement coaching, tackling the side of retirement that's rarely spoken about: identity,...

TomoIQ Unveils Money Finder at Money20/20 Event

Breaking Down Financial Barriers with AI In the hustle of Money20/20 USA in Las Vegas, TomoIQ dropped a financial bombshell with their latest tool, Money Finder. This isn't just another app in the sea of fintech solutions. Nope, this one promises to cut through the complexities that most folks face when trying to get their financial house in order. An AI Buddy for...

U.S. Millionaire Surge: Market Waves or Mirage?

Flashing Billions: Minting Millionaires at Breakneck Speed It sounds like something out of an 80s movie: every single day, over 1,200 folks in the United States become millionaires. Yep, you heard right. The UBS Global Wealth Report 2026 threw that number out, and it sure caught my attention. It's not everyday you hear about the U.S. cranking out millionaires like they're...

OppFi Readies Q3 Earnings; Investors Eye Financials

What's Unfolding at OppFi? Mark your calendars, folks. October 28th is the day OppFi (NYSE: OPFI) pulls the curtain back on its third-quarter 2026 earnings. For the uninitiated, we're talking about a tech-driven finance platform that's been making waves by providing financial solutions for everyday Americans. And you bet we're all ears for what those numbers say. Details...

Alaska LNG Project Boosted by Strategic Positioning

Alaska LNG: Right Place, Right Time Someone bring out the confetti, because Paul Sullivan, Co-Chairman of Gastech, is celebrating Alaska LNG like it's 1999. And for good reason. If Alaska ever played its cards right, now's the moment according to the industry veteran. After Gastech 2026 wrapped its events in Bangkok last month, Sullivan laid out why the stars are aligning...

Workday Hits High Note in 2026 Gartner Magic Quadrant

Workday Secures Leadership Position In a wild ride that's left investors with whiplash in recent years, Workday (NASDAQ: WDAY) has firmly planted its flag at the top tier of the 2026 Gartner® Magic Quadrant™ for Cloud ERP Finance. This announcement out of Pleasanton, California, resonates like a victory bell for the company's finance management solutions—a mix of AI,...

Roof Inspections: Richmond's Key to Home Longevity

Inspect, Protect, and Forget Your Worries Homeowners in the Greater Richmond area wisely take to heart the old saying: an ounce of prevention is worth a pound of cure. But let's cut through the noise for a moment and zero in on a foundational truth: regular roof inspections are not a luxury—they're an absolute must. Roofing expert Seth Brown, from BNH Roofing, makes it...