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Hugo Boss reports first half 2004 sales increase
In the first half of 2004, the Hugo Boss group achieved sales growth of 9%
to eur 554 million (H1 2003: eur 508 million). When adjusted for currency effects,
group sales increased by 11%. This means the company has gained further market
share in significant markets. About a third of this increase was due to the
integration of product lines previously manufactured under license, including
bodywear, socks, knitwear, shoes and leather accessories, into the group’s
own business.
Despite the declines in the German market, Hugo Boss was able to increase its
sales by 8% from eur 129 million to eur 139 million (1% excluding integration
effects). In the rest of Europe, sales in the first six months of the current
fiscal year rose by 12% to eur 252 million (H1 2003: eur 225 million).
In the Asia/Pacific region, the Hugo Boss group once again achieved growth in
sales in the double-digit percentage range of 27% (34% when adjusted for currency
effects) to eur 43 million (H1 2003: eur 34 million).
The development of Boss Woman sales was again very dynamic, increasing by 47%
to eur 32 million (H1 2003: eur 22 million).
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