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Hugo Boss beats analyst forecasts

A fall in income for the third quarter was less severe than predicted.

Hugo Boss

Hugo Boss

German fashion group Hugo Boss has posted better than expected third-quarter results thanks to a cost-cutting drive and growth in China, the Financial Times reports.

Net income fell to €80.6m (£72m), down 9% year-on-year, but ahead of analysts’ forecasts of €75m (£69m).

Chief executive Mark Langer said that although the quarter had not been easy, he was satisfied in how Hugo Boss has ”adjusted costs structures” to meet today’s challenging retail environment.

 

 

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