Hugo Boss AG (BOSSn.DE)
22 Feb 2018
Tue, Jan 16 2018
BERLIN German fashion house Hugo Boss reported an acceleration in currency-adjusted sales in the fourth-quarter, driven by a rebound in growth at its stores, a jump in online sales and a recovery in the United States. | Video
LONDON, Jan 16 European shares rose on Tuesday after corporate trading updates lifted sentiment, with shares in German fashion house Hugo Boss gaining on better-than-expected sales in the last quarter of 2017.
* 2017 EBITDA seen in line with forecast (Adds details, shares)
FRANKFURT, Jan 16 German fashion house Hugo Boss reported a 5-percent increase in currency-adjusted sales in the fourth-quarter, highlighting a rebound in growth at its own stores as well as in the United States.
* Says there will be a negative impact on H1 2018 if exchange rates stay at current levels Further company coverage:
FRANKFURT German fashion house Hugo Boss raised its sales guidance for 2017 after a robust third quarter and said it was confident its new digital store concept would take off.
* Shares gain 6 percent (Adds CEO comments on investments, new store concept)
* Says 2018 investments will be higher than in 2017 but won't come near all-time highs
FRANKFURT, Nov 2 German fashion house Hugo Boss hiked its sales guidance for 2017 on Thursday, citing growth in Europe and Asia/Pacific as it reported quarterly financial results that broadly met expectations.
FRANKFURT German financial watchdog Bafin said it was pressing insider trading charges relating to a drop last year in the price of Hugo Boss shares, confirming a Der Spiegel report.