Hugo Boss AG / Preliminary Results/Final Results
03.02.2010
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The Managing Board of HUGO BOSS AG releases key figures from the
preliminary, unaudited consolidated financial statements for 2009.
Key figures for the HUGO BOSS Group:
(in EUR million) 2009 2008 change in %
Sales: 1,562 1,686 -7%
EBITDA before special items: 270 288 -6%
EBIT: 158 191 -17%
Net income: 104 112 -7%
Cash flow from operating activities: 350 165 +112%
Metzingen, February 3, 2010
The Managing Board
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Information and Explaination of the Issuer to this News:
HUGO BOSS: Preliminary year-end figures for 2009
- Sales of EUR 1,562 million achieved despite difficult economic
environment - slight growth in fourth quarter
- Operating income (EBITDA before special items) of EUR 270 million
exceeds expectations
- Net financial debt reduced by 35% in comparison with previous year
- Cautiously optimistic about 2010
Metzingen, February 3, 2010. Despite the global economic crisis, which led
to a sharp drop in sales in the textile and apparel industry, HUGO BOSS
held its ground over the course of the year. In particular, toward the end
of the year some initial positive trends were visible. In the fourth
quarter sales revenues were slightly above the previous year's level and
reached an amount of EUR 324 million (previous year: EUR 323 million).
Consolidated sales of EUR 1,562 million for the whole of 2009 represent a
decrease of 7% in comparison with the previous year (2008: EUR 1,686
million).
'Fiscal year 2009 was one of the most demanding for the entire industry,
including the HUGO BOSS Group', notes Claus-Dietrich Lahrs, Chairman and
CEO of the Managing Board of HUGO BOSS AG. 'By introducing restructuring
measures early on, we were able to react quickly to the changes in market
conditions. This in turn allowed us to maintain our sales and profit margin
at high levels. We are cautiously optimistic about the current fiscal year,
especially as we used the past year to strengthen our competitive
advantage. The year 2010 as a whole will still be a big challenge for our
industry, since many markets will see only very modest growth. However, we
expect our market environment to stabilize over the course of the year.'
In the past fiscal year, earnings before interest, taxes, depreciation,
amortization and special items (EBITDA before special items) of EUR 270
million were 6% lower than the previous year's level (2008: EUR 288
million). By contrast, the operating profit margin (EBITDA before special
items, in relation to sales) of 17% remained at the previous year's level,
reflecting the successful implementation at an early stage of the
restructuring and efficiency measures.
Cash flow from operating activities more than doubled and reached EUR 350
million (2008: EUR 165 million). Net financial debt was reduced by 35% to
EUR 379 million (2008: EUR 583 million). Net income of EUR 104 million
(2008: EUR 112 million) was 7% lower than in the previous year. This
decrease was primarily attributable to extraordinary expenditures
associated with the strategic restructuring program.
The audited financial statements will be published at the annual Balance
Sheet Press Conference and Analysts' Conference.
For more information about HUGO BOSS AG, please visit
http://group.hugoboss.com.
For any inquiries, please contact:
Philipp Wolff
Director of Communication
Phone: +49 (0) 7123 94-2375
Fax: +49 (0) 7123 94-2051
Investor Relations
Phone: +49 (0) 7123 94-1326
E-mail: Investor-Relations@hugoboss.com
Kontakt:
Judith Eckl, Bereichsleiterin Recht
Tel: +49-7123-94 2767
03.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Hugo Boss AG
DieselstraÃe 12
72555 Metzingen
Deutschland
Phone: +49 (0)712 394-0
Fax: +49 (0)712 394-2014
E-mail: info@hugoboss.com
Internet: www.hugoboss.com
ISIN: DE0005245534, DE0005245500,
WKN: 524553, 524550,
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Hannover, Düsseldorf, Hamburg
End of News DGAP News-Service
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DGAP-Adhoc: Hugo Boss AG: Preliminary year-end figures for 2009
| Source: EQS Group AG