Hugo Boss Q1 Net Loss Narrows; Sees Growth In Q2; Says Confident Of Rest Of Year

By Rtt News7 days ago

(RTTNews) - German luxury fashion brand Hugo Boss AG (HUGSF.PK) reported Wednesday that its first-quarter net income loss narrowed to 8 million euros from prior year's 18 million euros. Loss per share was 0.13 euro, compared to loss of 0.26 euro a year ago.,

However, operating result or EBIT was positive at 1 million euros, compared to last year's negative 14 million euros, reflecting tight cost control activities.

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In Group currency, sales decreased 10 percent to 497 million euros from prior year's 555 million euros. Group sales decline limited to minus 8 percent on a currency-adjusted basis.

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