Hugo Boss posts Q1 profit fall, but expects growth to pick up
Berlin
GERMAN fashion house Hugo Boss said it expected sales and profit growth to pick up during the rest of the year as it invests in its brand after reporting lower than expected first-quarter net profit.
Hugo Boss's reported net profit fell 7 per cent to 75.6 million euros (S$112.5 million), missing average analyst forecasts for 82 million euros. Sales rose 9 per cent to 668 million euros, just ahead of analyst consensus for 666 million.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue