Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Hugo Boss Profit Rises 79% on Retail Unit, Higher Sales in China

Hugo Boss AG, the German luxury clothier, said third-quarter profit jumped 79 percent as sales increased at its retail unit and in China.

Net income rose to 92.2 million euros ($128 million), or 1.34 euros a preferred share, from 51.5 million euros, or 75 cents, a year earlier, the Metzingen, Germany-based company said in a statement today. That beat the 86.9 million-euro average estimate of four analysts surveyed by Bloomberg.

Sales of luxury goods may climb this year to the highest since 2007, led by demand in China and a rebound in the U.S., consulting firm Bain & Co. said last month. During the quarter, Hugo Boss started a joint venture with Rainbow Group in China, where Boss will add as many as 20 stores this year.

“Hugo Boss is clearly benefiting from top-line growth and also from some cost cutting,” Thomas Rosenke, an analyst at WestLB in Frankfurt, said in an interview before today’s figures were released. He has a “neutral” rating on the stock.

Hugo Boss said Oct. 14 that revenue increased 19 percent. The sales increase was driven by the company’s retail business, which rose faster than wholesale revenue.

Boss repeated a forecast that earnings before interest, taxes, depreciation, amortization and one-time items will rise about 20 percent this year as sales are set to climb 5 percent.

The preferred stock fell 39 cents, or 0.8 percent, to 47.22 euros in Frankfurt trading yesterday.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.