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Hugo Boss Stock Up On Higher Q4 EBIT, Sales; Sees Weak Profit In FY19

(RTTNews) - Shares of Hugo Boss AG (HUGSF.PK) were gaining around 4 percent in the morning trading in Germany after the luxury fashion brand reported Tuesday that its fourth-quarter operating profit or EBIT on a preliminary basis increased 9 percent to 122 million euros from last year's 111 million euros.

Sales grew 5 percent to 825 million euros from prior year's 783 million euros. Currency-adjusted Group sales went up 4 percent in the final quarter.

In total, currency-adjusted sales in the own retail business increased 7 percent.

Thanks to double-digit growth in Great Britain and France, currency-adjusted sales in the region grew 8 percent. In Germany, higher sales in the own retail business were mostly offset by difficult wholesale business. In the Asia/Pacific region, currency-adjusted sales rose 4 percent, while it declined 7 percent in the Americas.

For fiscal 2019, preliminary sales were 2.88 billion euros, an increase of 3 percent.
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