HUGO BOSS: FY18 results and FY19 outlook match expectations | NEUTRAL | EUR78
HUGO BOSS - NEUTRAL | EUR78(+16%)FY18 results and FY19 outlook match expectations
FY18 adj. EBITDA in line with FY guidance
Q4 sales growth boosted by a strong momentum in wholesale
Inventory levels up 14% FX-n in 2018
FY19 outlook matches CS forecasts
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.
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