HUGO BOSS: A weak Q3 sales and earnings performance forces Hugo Boss to cut FY19 targets | NEUTRAL | EUR68 vs. EUR76 (+52%)
HUGO BOSS - NEUTRAL | EUR68 vs. EUR76 (+52%)A weak Q3 sales and earnings performance forces Hugo Boss to cut FY19 targets
Q3: sales and EBIT missed expectations due to HK and the US
PW on FY19 targets: we cut our FY19-20 EPS estimates by c.11%
Bipolarisation within luxury is far from over...
Degraded visibility
HUGO BOSS Group is engaged in the global apparel market. The Group, which is based in Metzingen Germany employs almost 12,500 people, generated annual sales of EUR 2.4 billion in fiscal year 2013 and is an apparel manufacturer. The Group focuses on developing and marketing high-end women's and men's fashion and accessories. With its brand including the BOSS core brand, the lines BOSS Orange, BOSS Green and the progressive brand HUGO, Co. targets different, consumer groups. The brands consists of modern business wear, evening wear and sportswear, shoes and leather accessories as well as licensed fragrances, eyewear, watches, children's fashion, home textiles and mobile accessories.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.