EQS-Adhoc: HUGO BOSS AG: HUGO BOSS ANNOUNCES PRELIMINARY SECOND QUARTER RESULTS AND UPDATES ITS FULL-YEAR 2024 OUTLOOK
Source: EQS
EQS-Ad-hoc: Metzingen,
HUGO BOSS ANNOUNCES PRELIMINARY SECOND QUARTER RESULTS AND UPDATES ITS FULL-YEAR 2024 OUTLOOK HUGO BOSS updates its financial outlook for full year 2024, factoring in the persistent macroeconomic and geopolitical challenges that are dampening global consumer demand. These headwinds contributed to a further slowdown of industry growth, affecting the top- and bottom-line performance of HUGO BOSS in the second quarter. The overall market environment remained particularly challenging in key markets such as the On a preliminary basis, currency-adjusted Group sales in the second quarter remained 1% below the prior-year level. Also in Group currency, sales declined 1%, amounting to From a balance sheet perspective, HUGO BOSS further improved its cash position, with free cash flow amounting to Against the backdrop of the second quarter performance as well as ongoing uncertainties regarding the future development of global consumer sentiment, HUGO BOSS adjusts its financial outlook for fiscal year 2024. Management now expects Group sales to increase by +1% to +4% in Group currency to an amount of around HUGO BOSS will publish its full set of second quarter results on
If you have any questions, please contact:
Christian Stöhr Senior Vice President Investor Relations Phone: +49 7123 94-87563 E-mail: christian_stoehr@hugoboss.com End of Inside Information
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Language: | English |
Company: | |
Holy-Allee 3 | |
72555 Metzingen | |
Phone: | +49 (0)712 394-0 |
Fax: | +49 (0)712 394-80259 |
E-mail: | info@hugoboss.com |
Internet: | www.hugoboss.com |
ISIN: | DE000A1PHFF7 |
WKN: | A1PHFF |
Indices: | MDAX |
Listed: | Regulated Market in |
EQS News ID: | 1946671 |
End of Announcement |
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1946671 15-Jul-