BERLIN — Following a record year in 2010, Hugo Boss has sustained the momentum into 2011, posting double-digit growth in first-quarter earnings and sales.
Net income for the quarter surged 48 percent to 83.5 million euros, or $114.2 million. Operating income (earnings before interest, taxes, depreciation and amortization before special items) rose 43 percent to 132 million euros or $180.5 million, while group sales gained 21 percent in euros (19 percent on a currency-adjusted basis) to reach 539 million euros or $736.9 million. All dollar figures are converted from the euro at an average exchange rate for the period.
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