Hugo Boss shows record sales in 2012

Agence France-Presse

Posted at Feb 08 2013 07:10 PM | Updated as of Feb 09 2013 03:10 AM

FRANKFURT - German fashion house Hugo Boss said on Friday it achieved record sales and earnings last year, with all regions contributing to growth.

"Double-digit growth in sales and earnings made 2012 the most successful year in the company's history to date," Hugo Boss said in a statement.

"The final quarter contributed to this with substantial increases."

Hugo Boss said its group sales grew by 14 percent to 2.346 billion euros ($3.1 billion) last year and underlying profit, as measured by earnings before interest, depreciation and amortisation (EBITDA), rose by 13 percent to 529 million euros.

Net profit was up 7.7 percent at 307 million euros.

All regions contributed to growth, the statement said.

"The positive business performance in 2012 has brought us a good step closer to achieving our medium-term targets," said chief executive Claus-Dietrich Lahrs.

"Despite the still challenging market environment, I am confident that we will continue to post stronger growth than the overall market in 2013," he said.

In the fourth quarter alone, sales rose by 22 percent to 607 million euros, EBITDA jumped by 42 percent to 138 million euros and net profit was up 30 percent at 70 million euros.

Hugo Boss said it would publish full details of its fourth-quarter and 2012 results on March 14.