Hugo Boss’s profit rose 16 percent last year

According to the Hugo Boss website, revenue fell 1 percent to 4.27 billion euros. Sales excluding exchange rate changes increased 2 percent, including 3 percent in the Americas and 2 percent in the EMEA region. In contrast, revenue in the Asia-Pacific region fell by 5 percent last year.

Boss menswear sales rose by 3 percent to 3.346 billion euros, while womenswear sales fell by 5 percent to 280 million euros. Hugo brand sales fell by 4 percent to 644 million euros.

Earnings before interest and taxes (EBIT) rose by 8.3 percent to 390.75 million euros. Analysts had expected a weaker figure of 379 million euros.

Hugo Boss also announced on Tuesday the launch of a share buyback program worth up to 200 million euros until the end of 2027.