Hugo Boss Reports Preliminary Non Audited Group Sales Results for the Fourth Quarter and Full Year of 2016; Provides Earnings Guidance for the Full Year of 2016
For the full year the company reported group sales amounted to EUR 2,693 million, a decline of 4% compared to the prior year. On a currency-adjusted basis, the decrease was 2%.
Subject to the completion of year-end closing procedures, the Group expects that operating profit (adjusted EBITDA before special items) will reach the upper end of the forecast range. The company had confirmed its outlook of a profit decline between 17% and 23% in November (adjusted EBITDA before special items 2015: EUR 594 million).