The Managing Board of Hugo Boss AG publishes the financials for fiscal 2004 at today's press conference in Metzingen. The fashion group reported
an increase in sales of 11% (13% when adjusted for currency effects) to EUR
1,168.4 million (2003: EUR 1,054.1 million).
BOSS Woman in particular fulfilled expectations with a sales increase of 36% to EUR 69.3 million (2003: EUR 50.8 million), contributing to the positive sales performance of the Hugo Boss Group.
Earnings before interest and tax (EBIT) grew by 13% to EUR 135.3 million (2003: EUR 119.3 million). Net income rose by 7% to EUR 88.2 million (2003: EUR 82.4 million). Cash flow increased by 7% to EUR 119.9 million (2003: EUR 111.9 million). Free cash flow before dividend decreased by 34% to EUR 40.1 million (2003: EUR 60.5 million), mainly as a result of the acquisition of the former licensee for the product groups of shoes and leather accessories in fiscal 2004.
"We are confident about outperforming the world fashion market again this year," commented Dr. Bruno Sälzer, Chairman of HUGO BOSS AG's Managing Board, on the outlook for 2005. "We expect currency-adjusted sales growth in the high single digit percentage range for the Group as a whole, with a proportionate increase in earnings."
Additional information on HUGO BOSS AG and the online annual report 2004 may be found on our website www.hugoboss.com.