Hugo Boss announces rise in sales

Hugo Boss has increased sales by 2% to €510m in the first quarter of 2008 from €500m in the same period in 2007.

Hugo Boss has increased sales by 2% to €510m in the first quarter of 2008 from €500m in the same period in 2007.

Without taking account of fluctuations in the rates currency exchange, turnover has increased by 5%.

A declining German market, primarily attributable to changes in commercial partners' ordering patterns as the result of the sustained length of the winter season and the corresponding reticence of consumer purchasing, was overcompensated by an increase in sales in other countries.

Sales in Germany came to €99m while in other European countries, there was an increase, adjusted for currency effects, of 2% to €265m.

In the growing markets of North America and Asia the Hugo Boss Group was able to record a double-digit increase.

On the American continent, currency-adjusted sales rose by 11%, at the conclusion of the first three months of the year 2008.

Sales in the USA in local currency rose by 16% and in euros by 1% to €55m.

In the first quarter of 2008, the Asian region and other regions, Hugo Boss succeeded in increasing sales in local currencies by 28%, and in the euro by 21%, to €58m.

At the conclusion of the first three months of 2008, the group's profits from licensing exhibit a very positive trend and have increased overall by 16% to €12m.

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