Dollarfigures are converted from the euro at the average exchange rate for the period to which they refer.
Company wholesale revenues gained 10 percent in the quarter, which Boss said reflected the introduction of four approximately equally sized collections per year. The summer line, mainly delivered in the second quarter, has become more important, plus a larger portion of the fall collection was also delivered in that period.
The group’s own retail sales (including outlets and online business) showed currency-adjusted growth of 16 percent. On a comparative-store basis, sales were up 4 percent.
In the first half of 2012, Boss’ net profits rose 19 percent to 134.1 million euros, or $174.1 million, while earnings before interest, taxes, depreciation and amortization before special items were up 16 percent to 226.3 million euros, or $293.7 million. Sales gained 16 percent to 1.09 billion euros, or $1.42 billion.
Boss again confirmed its 2012 forecast, which calls for up to 10 percent growth in currency-neutral sales. Operating results are expected to grow between 10 and 12 percent.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)