Hugo Boss: 2022 sales up 27% at E3.7bn
(CercleFinance.com) - Hugo Boss has announced "record" results for 2022, with a 27% increase in currency-adjusted froup sales to 3.
7 billion euros.
Despite significant investments in the business, EBIT increased 47% to 335 million euros, due to strong momentum in revenues.
As a result, the group's EBIT margin increased significantly (+100 bp) to 9.2% (2021: 8.2%). Meanwhile, the group's gross margin remained stable at 61.8%.
Management said that thanks to the rigorous execution of its 'CLAIM 5' strategy, the company had a record year in 2022. Brand redesign has strengthened the power of the Boss and Hugo brands and laid a solid foundation to continue to exploit their potential.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
7 billion euros.
Despite significant investments in the business, EBIT increased 47% to 335 million euros, due to strong momentum in revenues.
As a result, the group's EBIT margin increased significantly (+100 bp) to 9.2% (2021: 8.2%). Meanwhile, the group's gross margin remained stable at 61.8%.
Management said that thanks to the rigorous execution of its 'CLAIM 5' strategy, the company had a record year in 2022. Brand redesign has strengthened the power of the Boss and Hugo brands and laid a solid foundation to continue to exploit their potential.
Copyright (c) 2023 CercleFinance.com. All rights reserved.