Hugo Boss sales rise

Hugo Boss are predicting further strong sales this year

• Increase image
• View all images

Sales at Hugo Boss rose 9% to €1.6 billion for the year ending 2007, with the business predicting further increases this year.

Earnings before tax at the company was up 18% to €212 million. Net income rose 20% to €154m.

The company said it had exceeded its own targets of 10-12% currency adjusted sales growth on 12-15% earnings before tax.

Chairman Bruno Salzer said: "A 29% increase in sales to €209m reflects the continued very dynamic growth of Boss Womenswear in 2007. The improvement of our own retailing activities at 25% to €239m and the 16% increase to €176m in shoes and leather accessories also contributed very significantly to our growth".

Hugo Boss said it expected to break further records in sales and earnings for 2008.