Hugo Boss : Q2 prelims out, no more growth, downgrade to Neutral
>Q2 EBIT way below expectations - Last night, Hugo Boss pre-released weaker-than-expected Q2 2024 results. Group sales decreased 1% y-o-y currency-adjusted to € 1,015m (consensus: € 1,026m, ODDO BHFe: € 1,022m), which was 1% below consensus. In terms of channels, brick-and-mortar retail (-2%) and digital (-4%) were difficult. Regions: while growth continued in the Americas (+5%), the group recorded revenue declines in EMEA (-2%) and Asia/Pacific (-4%). The company sp...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.
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.