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    BOSS   DE000A1PHFF7

HUGO BOSS AG

(BOSS)
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Delayed Xetra  -  11:35 2022-06-30 am EDT
50.36 EUR   -0.28%
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Hugo Boss : COO Heiko Schäfer leaves HUGO BOSS to pursue new professional assignment

05/20/2022 | 03:05am EDT

Chief Operating Officer Heiko Schäfer will leave the Managing Board of HUGO BOSS AG with effect as of May 31, 2022, to pursue a new professional assignment outside the Group.

Heiko Schäfer joined HUGO BOSS in March 2020, at the beginning of the COVID-19 pandemic, and is responsible for Global Product Development and Sourcing, Own Manufacturing, and Logistics, as well as Sustainability. Under his leadership, HUGO BOSS has made important strides in digitalizing and streamlining the company's product development and logistics, realigning the Group's own manufacturing in the context of the casualization trend, and further strengthening its sustainability efforts, for example by doubling the share of responsible styles within the collections.

"Heiko Schäfer had an important impact in building an effective, digitized, and more sustainable Operations backbone since joining the company. His work also helped to stabilize HUGO BOSS during the COVID-19 crisis, and accelerate afterwards with full force," says Hermann Waldemer, Chairman of the Supervisory Board of HUGO BOSS. "We thank Heiko Schäfer for his excellent contribution, and wish him all the best for his future endeavours."

"Heiko Schäfer clearly pushed the Organize for Growth targets as part of our CLAIM 5 strategy and further increased efficiency and flexibility along our value chain," says Daniel Grieder, CEO of HUGO BOSS. "On behalf of the entire Managing Board team, I would like to thank Heiko Schäfer very much for the effective and trust-based cooperation. We wish him all the best for the future."

"I am grateful and proud to have been a member of the HUGO BOSS family and part of a strong leadership team. I am convinced that the operational excellence we built will support the company's growth plan in the years to come," states Heiko Schäfer. "HUGO BOSS stands for quality and craftsmanship, and I will certainly continue to be a fan and loyal customer."

The departments reporting to Heiko Schäfer will be divided among the remaining Management Board departments. Global Product Development will move to the area of responsibility of Daniel Grieder. Yves Müller will assume responsibility for Sourcing, Own Manufacturing, Logistics, and Sustainability.

If you have any questions, please contact
Carolin Westermann
Head of Corporate Communications
Phone: +49 7123 94-86321
E-mail: carolin_westermann(at)hugoboss.com

GROUP.HUGOBOSS.COM
TWITTER: @HUGOBOSS
LINKEDIN: HUGO BOSS

Disclaimer

Hugo Boss AG published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 07:04:01 UTC.


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Financials
Sales 2022 3 220 M 3 366 M 3 366 M
Net income 2022 175 M 183 M 183 M
Net Debt 2022 582 M 609 M 609 M
P/E ratio 2022 20,0x
Yield 2022 1,91%
Capitalization 3 476 M 3 633 M 3 633 M
EV / Sales 2022 1,26x
EV / Sales 2023 1,19x
Nbr of Employees 14 569
Free-Float 76,1%
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Technical analysis trends HUGO BOSS AG
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 50,36 €
Average target price 60,17 €
Spread / Average Target 19,5%
EPS Revisions
Managers and Directors
Daniel Heinrich Grieder Chief Executive Officer
Yves Müller Chief Financial Officer & Director-Labor Relations
Hermann G. Waldemer Chairman-Supervisory Board
Iris Epple-Righi Member-Supervisory Board
Christina Rosenberg Member-Supervisory Board
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