AFP
Feb 9, 2012
Hugo Boss 'confident' after record year in 2011
AFP
Feb 9, 2012
 Hugo Boss catwalk in Berlin - Photo : PixelFormula |
"2011 was another record year for Hugo Boss. And 2012 has also got off to a good start for us," said chief executive Claus-Dietrich Lahrs.
"I am therefore confident, despite the uncertain economic environment, that we will take another big step towards achieving our medium-term goals in the current fiscal year."
Net profit jumped 53 percent to 284 million euros ($377 million) for the full year on a 19-percent increase in sales to 2.059 billion euros, Hugo Boss said.
In the fourth quarter alone, bottom-line earnings were up 67 percent at 53 million euros and revenues rose by 18 percent to 499 million euros.
"Double-digit increases in all regions and significant growth in our own retail business contributed to this development," it said.
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