Q1 EBIT 69 mln eur, up 6% (Il Sole 24 Ore Radiocor) - Berlin, 02 May - The German fashion house Hugo Boss said that in the first quarter of 2024 sales rose 5% to 1.014 billion euros. On a currency-adjusted basis, the top line grew 6%.

EBIT rose 6% to 69 million euros and the EBIT margin increased by 10 basis points to 6.8%.

The company confirmed its full-year guidance.

It expects sales to rise 3-6% to 4.30-4.45 billion euros and anticipates EBIT to grow 5-15% to 430-475 million.

Consequently, the EBIT margin is forecast to increase 10.0-10.7% from 9.8%.

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(RADIOCOR) 02-05-24 08:33:36 (0146) 5 NNNN