Hugo Boss : Q3 in line, FY outlook confirmed, still very resilient
>Some 15% sales growth and a 20bp operating margin increase - In Q3 2023, sales increased 15% y-o-y excluding FX to € 1,027m (consensus: € 1,021m, ODDO BHFe: € 1,026m), i.e. was 1% above the consensus. Regions: EMEA +12% (supported by Germany), Americas +22% (with US growing 20%) and Asia +21% (with China up 17%). Channels: Retail +8%, Wholesale +21% and Digital +25%. Brands: BOSS Men +12%, BOSS Women +24% and HUGO +25%. EBIT came in 1% above consensus at € 103m (cons...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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