Emmanuel Thomas, DPA, Friday, June 16, 2023
BERLIN – German fashion company Hugo Boss said on Thursday that it aims to touch its previous mid-term sales target of €4 billion ($4.33 billion) already this year, two years ahead of plan.
Further, the company has raised its guidance for 2025. This reflects ongoing strong surge in brand momentum as well as additional efficiency gains to be realized in operations, it said.
Hugo Boss now projects revenue of around €5 billion by 2025. This represents a strong compound average growth rate of 11% compared with the €3.7 billion of fiscal 2022.
EBIT is now projected to grow to a level of at least €600 million by 2025 against its previous outlook of around €480 million.
Consequently, the group now targets an EBIT margin of at least 12% by 2025 against its previous guidance of around 12%.
