By  on October 31, 2008

BERLIN — Against a backdrop of uncertain economic conditions in key world markets and a sales slowdown in the second half of the year, Hugo Boss AG has downwardly revised its full-year sales and earnings forecast for 2008.

The German fashion group is now expecting currency-adjusted sales growth to come in at the lower end of its previous guidance range of 6 to 8 percent. The company is also projecting earnings before interest and taxes to be slightly lower than 2007, compared with the original forecast of 8 to 10 percent before one-time effects. Boss is now anticipating 2008 EBIT of between 210 million and 220 million euros, or $271.1 million to $284 million, compared with 220 million euros in 2007.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus