Hugo boss turnover grows 8 % | RetailDetail

Hugo boss turnover grows 8 %

Hugo boss turnover grows 8 %

German clothing brand Hugo Boss' turnover has grown 8 % in the second quarter, even though exchange rate fluctuations still have to be calculated. Net profit grew 18 %, to 62.5 million euro.

Growth in every market

Hugo Boss' second quarter turnover reached 558.9 million euro, a 5 % turnover increase after exchange rate fluctuations. European turnover grew 10 %, American turnover 7 %, while Asia 'only' managed a 2 % increase.

 

"Our consistently strong growth in Europe and our upturn in the Americas form the basis of these very solid quarterly results," said Claus-Dietrich Lahrs, CEO and Chairman.. "Despite the persistently difficult environment in some key markets, we will grow even faster in the second half of the year, particularly in terms of earnings. We will expand our presence and brand strength in womenswear so as to secure long-term, profitable growth following on from this year's double-digit sales increases".

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