German luxury fashion brand Hugo Boss AG (HUGSF.PK) reported Monday that its group sales for the fourth quarter declined by 1% on a preliminary, non-audited basis and adjusted for currency effects. In euro terms, revenues amounted to 725 million euros, a decline of 3% compared to the prior year.
On a preliminary, non-audited basis, Group sales in the full year amounted to 2.693 billion euros, a decline of 4% compared to the prior year. On a currency-adjusted basis, the decrease was 2%.
The Group expects that operating profit - adjusted EBITDA before special items- will reach the upper end of the forecast range. The companyhad confirmed its outlook of a profit decline between 17% and 23% in November. The adjusted EBITDA before special items of 594 million euros reported in 2015.
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