Hugo Boss : Q3 2023 due 2 November – Another strong quarter
>Some 15% sales growth and 30bp EBIT margin improvement - Hugo Boss will release Q3 2023 results on 2 November. We forecast some 10% sales growth y-o-y to € 1,026m driven by organic growth of 15% and FX headwind of 5%. All channels and regions should contribute to this, i.e. growth is again very consistent. Brick-and-mortar retail and wholesale should be up 13% and 16% respectively, while we see digital growing even a notch faster at 18%. In terms of regions, we fore...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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