BERLIN – According to preliminary year-end figures released Wednesday, 2006 net income for the Hugo Boss Group increased 19 percent to 129 million euros, or $162.1 million. Dollar figures are at the average exchange rates. Earnings before taxes rose 14 percent to 180 million euros, or $226.1 million, and sales for the group rose 14 percent to 1.496 billion euros, or $1.88 billion.
Bruno Sälzer, chairman of the managing board, said the Boss Womenswear and Shoes & Leather Accessories business divisions “again proved to be strong growth areas in 2006.” Women’s sales leapt 69 percent to 162 million euros, or $203.5 million, with shoe and leather accessories sales growing 28 percent to 151 million euros, or $189.7 million.In a statement, he also noted that the Group’s directly operated stores grew sales 39 percent to 192 million euros, or $241.2 million euros, further contributing to Boss’s strong performance.
The managing board is forecasting “the positive sales and earnings trends to continue in 2007.”Final figures will be released in made public at the annual financial press conference March 21, 2007.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)