PARIS — Boosted by what it described as a “very good fourth quarter,” Hugo Boss said it achieved its targets for 2018.
The German apparel group saw its preliminary sales increase 7 percent to 783 million euros in the three months ended Dec. 31 compared with the prior-year quarter, or 6 percent in local currencies.
Growth was seen for both its wholesale and retail activities, the firm said, with Asia-Pacific its fastest-growing region on a comparable-store basis. Sales there increased 4 percent to 124 million euros. In Europe, the company’s biggest market, sales in the U.K. and France benefited from delivery shifts, growing at double digits, while business in Germany remained stable in what the firm described as a “challenging market environment.” Fourth-quarter revenues in Europe, the Middle East and Africa were up 8 percent to 458 million euros. In the Americas, sales increased 6 percent to 177 million euros.
Hugo Boss’ online business, meanwhile, increased 37 percent when adjusted for currency effects, its fifth consecutive quarter of solid double-digit growth.
Preliminary sales for the full year increased 2 percent on a reported basis to 2.8 billion euros, and were up 4 percent on a constant-currency basis, with the group’s own retail business the major contributor to growth.
Anticipating stable operating income for the year at around 491 million euros, Hugo Boss will publish its final results for 2018 on March 7.