Hugo Boss AG provided earnings guidance for the year 2024. The company now expects group sales in 2024 to increase by 1% to 4% in group currency with a slight negative currency impact and gross margin development to accelerate further forecasting a gross margin above 62% for the full year 2024, thus aligning with midterm range of 62% to 64%. The company expects full year EBIT of between EUR 350 million and EUR 430 million, taking into account the overall market uncertainty.
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- Hugo Boss AG Provides Earnings Guidance for the Year 2024