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German fashion house Hugo Boss’ operating profit up 22% in FY23

Hugo Boss sees a 22 per cent EBIT increase to €410 million ($448 million) in FY23, driven by strong sales growth, surpassing €4 billion for the first time.
In FY23, sales increased 18 per cent to €4.197 billion.
The company expects sales growth of 3-6 per cent to €4.30-€4.45 billion in FY24, and EBIT is projected to rise 5-15 per cent to €430-€475 billion.Hugo Boss sees a 22 per cent EBIT increase to €410 million ($448 million) in FY23, driven by strong sales growth, surpassing €4 billion for the first time.
In FY23, sales increased 18 per cent to €4.197 billion.
The company expects sales growth of 3-6 per cent to €4.30-€4.45 billion in FY24, and EBIT is projected to rise 5-15 per cent to €430-€475 billion.

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