(CercleFinance.com) – Hugo Boss fell 0.9% in Frankfurt, after the publication of an operating profit down 13% to 80 million euros (excluding IFRS 16 effects) in the third quarter, missing the expectations according to the clothing house.
At 720 million euros, its turnover grew 1% on a reported basis and stagnated excluding currency effects, with a particular deterioration of market conditions in North America.
'The challenging market environment demonstrates the importance of focusing on our strategic priorities', commented CEO Mark Langer, 'In the last quarter, we intend to grow our operating profit again'.
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