BERLIN — Hugo Boss continued its strong performance in the third quarter of 2011, reporting double-digit gains in sales and profits and growth in all markets.

 

Net income for the three-month period ending Sept. 30 rose 30 percent to 119.7 million euros, or $169.5 million. Earnings before interest and taxes (EBIT) grew 24 percent to 159.7 million euros, or $226.1 million, while sales gained 14 percent to 615 million euros, or $870.8 million.

 

Dollar figures are converted from the euro at average exchange for the period.

 

On a currency-adjusted basis, Boss’ third-quarter sales increased 14 percent in Europe, 22 percent in the Americas and 20 percent in the Asia-Pacific region. The company’s own retail business, including outlets and online stores, achieved 30 percent growth. On a comparable-store basis, revenues grew 6 percent.

 

Boss confirmed its forecast for the year, which includes a currency-adjusted sales increase of 15 percent to 17 percent driven by the continued expansion of its own retail business and strong gains in China and the U.S. The company projects that earnings before interest, taxes, depreciation and amortization (EBITDA before special items) will rise 25 percent to 30 percent.

 

 

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