| Hugo Boss Q1 sales rise |
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| Wednesday, 26 April 2006 | |
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German fashion house Hugo Boss saw a 13 percent rise in sales in the first to €459 million, as opposed to €406 million during the same quarter last year. The company released its preliminary results, revealing it had sustained the sales growth of the previous quarters. Earnings before interest and tax rose 13 percent to €87 million from €76 million in the first quarter 2005. Meanwhile, net income grew 15 percent to €60 million from €52 million in the same quarter the year before. For the rest of 2006, the board of Hugo Boss forecasts an “increase in currency-adjusted sales of approximately 10-12 percent in comparison with 2005.� It also expects earnings before interest and tax to increase more than sales. Hugo Boss is available in over 5,000 stores in 102 countries, including directly owned stores, shop-in-shops and franchises. |

