Hugo Boss revises 2021 outlook as continues to be on a strong wicket
15th October 2021, Mumbai:
Germany-based legendary fashion retailer 'Hugo Boss' on Thursday revised its outlook for the calendar year as going is very encouraging and on the back of Q3 earnings rebound it has experienced and demand tailwind it is seeing in Europe and the Americas.
Q3 sales and EBIT stood at 755 million euros and 85 million, respectively, which is an impressive comparison v/s last year but also within quick comparison to pre Covid 2019 too.
Given the heightened consumer confidence & global synchronized economic recovery group now expects sales to grow by about 40% in 2021 on a currency-adjusted basis, v/s previous earlier target growth range of 30-35%.
