By  on November 8, 2011

METZINGEN, Germany — With its recent performance outpacing both in-house and analysts’ expectations, Hugo Boss AG on Tuesday significantly raised medium-term profit and sales guidance.

The Metzingen-based group is now projecting sales will reach 3 billion euros, or $4.12 billion at current exchange, by 2015, with earnings before interest, taxes, depreciation and amortization (EBITDA) before special items increasing to 750 million euros, or $1.03 billion. Boss had previously forecast sales of 2.5 billion euros, or $3.43 billion, and EBITDA of 500 million euros, or $686 million, when it outlined its five-year strategy in March 2010.

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