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Hugo Boss sales increased 3%

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Christian Fernsby ▼ | March 5, 2020
Hugo Boss increased sales 3% to EUR 2,884 million in fiscal year 2019, representing a currency adjusted increase of 2%.
Hugo Boss
Hugo Boss   Wholesale sales declined 3%
In the group’s own retail business, currency adjusted sales grew 4%.

Topics: Hugo Boss

As in the prior year, the online business recorded significant double digit growth.

Wholesale sales declined 3%, partly reflecting the persistently difficult market environment in the U.S..

At EUR 333 million, operating profit (EBIT) in fiscal year 2019 was 4% below the prior year level (excluding IFRS 16).

This is attributable to a lower gross profit margin as well as an increase in operating expenses.

The latter was primarily a result of additional investments in the Group’s own retail business.