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Hugo Boss: market excited by preliminary results

(CercleFinance.com) - The Hugo Boss is up 4% in Frankfurt on Tuesday morning, in demand after the German clothing company presented preliminary Q4 2019 results, including operating profit that is up 9% at 122 million euros.

At 825 million euros, sales were up 5% in gross terms and increased by 4% at constant exchange rates, particulalry supported by double-digit growth in the UK and France.

Over the past year, Hugo Boss estimates operating profit of 333 million euros, coupled with sales growth of 2% at constant exchange rates, along with free cash flow that has increased to 209 million euros.

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