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MarketScreener Homepage  >  Equities  >  Xetra  >  Hugo Boss    BOSS   DE000A1PHFF7

HUGO BOSS

(BOSS)
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Hugo Boss : sales beat forecasts as spruced up stores lure shoppers

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01/21/2020 | 02:37am EST
FILE PHOTO: Jackets are on display in the Hugo Boss section in the Central Universal Department Store in Kiev

German fashion house Hugo Boss reported better than expected fourth-quarter sales growth on Tuesday , helped by strong demand at its renovated stores and growth in online retail.

Fourth-quarter sales rose 4% to 825 million euros (704.1 million pounds), adjusted for currency changes, beating average analysts' forecast of 805 million euros.

Shares in Hugo Boss, which have fallen by more than a quarter in the last year, were up 2.4% in premarket trade.

Operating profit rose 9% to 122 million euros in the quarter, in line with expectations and compensating for a profit decline in the first nine months of the year.

In October, Hugo Boss cut its 2019 earnings forecast, citing weak demand in the United States and Hong Kong but it had predicted a recovery in the fourth quarter.

On Tuesday, Hugo Boss said the environment in Hong Kong remained difficult in the fourth quarter, although mainland China saw double-digit growth, while currency-adjusted sales fell 7% in the Americas, compared with an 8% drop in the third.

After Hugo Boss spruced up its stores, including its flagship Champs Elysees spot in Paris, currency-adjusted sales at its retail business rose 7%, while online sales jumped 52%.

Shares in other luxury goods makers rose last week after UBS said it expects 2020 to be another busy year for the sector, supported by buoyant consumer sentiment and speculation over mergers and acquisitions.

(Reporting by Riham Alkousaa, editing by Emma Thomasson)

Stocks mentioned in the article
ChangeLast1st jan.
HUGO BOSS 0.21% 43.61 Delayed Quote.0.58%
UBS GROUP 2.01% 13.175 Delayed Quote.5.60%
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Financials (EUR)
Sales 2019 2 872 M
EBIT 2019 336 M
Net income 2019 224 M
Debt 2019 984 M
Yield 2019 5,98%
P/E ratio 2019 13,5x
P/E ratio 2020 12,3x
EV / Sales2019 1,39x
EV / Sales2020 1,35x
Capitalization 3 003 M
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Technical analysis trends HUGO BOSS
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Mean consensus HOLD
Number of Analysts 21
Average target price 50,33  €
Last Close Price 43,51  €
Spread / Highest target 72,4%
Spread / Average Target 15,7%
Spread / Lowest Target -10,4%
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Managers
NameTitle
Mark Alexander Langer Chief Executive Officer
Michel Perraudin Chairman-Supervisory Board
Yves Müller Chief Financial Officer
Antonio Simina Deputy Chairman-Supervisory Board
Sinan Piskin Member-Supervisory Board
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