Hugo Boss : Q4 prelims: Strong growth but lower-than-expected profits
>Sales grow 13% but profits are 5% below consensus - This morning, Hugo Boss pre-released headline numbers for Q4 and FY 2023. In Q4 2023, sales increased 13% y-o-y excluding FX to € 1,177m (consensus: € 1,173m, ODDO BHFe: € 1,155m), which is in line with the consensus. Regions: EMEA +7% driven by Germany and France, Americas +18% and Asia +33%. Channels: Retail +12%, Wholesale +5% and Digital +26%. EBIT came at € 121m (consensus: € 128m, ODDO BHFe: € 128m) which wa...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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