Hugo Boss : Disappointing Q3 results but guidance maintained overall
>Q3 2018 sales at 0.4%cc (vs consensus 2.6%cc), 1% shy of the consensus, EBITDA 8% shy of the consensus - Hugo Boss has reported Q3 2018 sales (€ 710) 1% shy of the consensus. Organic growth came in at 0.4%cc (vs Oddo BHF 2.8%cc and 2.6%cc for the consensus). Q3 2018 EBITDA came in at € 126m (17.7% margin, -240bp), 8% shy of the consensus. Q3 2018 sales and EBITDA by region:Europe (sales of € 462m, -2%cc, 4% lower than forecast / EBITDA of € 143m, operating ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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