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.


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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