Hugo Boss enjoys record sales in 2012
German fashion brand Hugo Boss enjoyed the most successful year in its history in 2012 as profits were driven by "significant sales growth and strict management of operating expenses".
The company said post-tax profits rose 8% to €285 million following strong performances from its retail and wholesale divisions as well as in all of its regions worldwide.
EBITDA before special items increased by 13% to €529 million. Group sales grew 10% to reach £2.35 billion.
Hugo Boss said that the double-digit growth in sales and earnings meant that 2012 was the most successful year in the company’s history.
Claus-Dietrich Lahrs, CEO, commented: "The positive business performance in 2012 has brought us a good step closer to achieving our medium-term targets. Despite the still challenging market environment, I am confident that we will continue to post stronger growth than the overall market in 2013."