BERLIN — Buoyed by a stronger-than-expected fourth quarter, Hugo Boss generated a 53 percent increase in net profits in 2011 to 284 million euros, or $395.9 million, on a 9 percent gain in sales to 2.06 billion euros, or $2.87 billion.
In figures released Thursday, Boss reported fourth-quarter sales rose 18 percent to 499 million euros, or $673.3 million, with earnings before interest, taxes, depreciation and amortization gaining 26 percent to 97 million euros, or $130.9 million, before special items. All dollar figures are converted from the euro at an average exchange rate for the period.
Boss said double-digit growth in all regions and significant growth in the group’s own retail business powered the sales performance, with expansion of directly operated stores and efficiency improvements in that channel contributing to the EBITDA gains.
Analysts noted the company’s shares are up 36 percent year-to-date, making Boss one of the best performers in the luxury sector.
Boss chief executive officer Claus-Dietrich Lahrs said 2012 has also gotten off to a good start. He added that despite current economic uncertainties, he remains confident the group will “take another big step towards achieving our medium-term goals in the current fiscal year.”
Final results for 2011 and the 2012 outlook will be released on March 14.
In Frankfurt Thursday, Hugo Boss preferred shares closed up 0.68 percent at 77.30 euros, or $102.42 at current exchange. Boss common shares closed up 1.24 percent at 69.24 euros, or $91.74.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)