The German fashion house Hugo Boss posted a higher profit and turnover in the fourth quarter of 2019. The company mainly benefited from better sales performance in Europe and in particular in Great Britain and France. Sales also increased in mainland China, but business in the United States declined.
Revenue adjusted for exchange rate effects, on the basis of preliminary figures, increased by 4 percent to 825 million euros compared to a year earlier. Profit before tax showed a plus of 9 percent to 122 million euros.
Hugo Boss spoke of strong growth in revenue and profit in the past quarter, whereby the targets for 2019 were achieved. Over the whole of 2019, adjusted revenue climbed 2 percent to nearly 2.9 billion euros. The gross profit amounted to 333 million euros. Hugo Boss will come on 5 March with definitive annual figures and financial expectations for this year.
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