Sumary of Hugo Boss sales decline, expects recovery towards second half of 2021:
- Hugo Boss In the fourth quarter of 2020, currency-adjusted sales for Hugo Boss decreased by 26 percent, corresponding to a sales decline of 29 percent in group currency to 583 million euros..
- The company said in a statement that despite the significant sales decrease, Hugo Boss was able to record a positive EBIT of 13 million euros compared to 124 million euros in the fourth quarter of 2019..
- The company recorded a currency-adjusted sales decline of 31 percent in fiscal year 2020, while in group currency, sales decreased by 33 percent to 1,946 million euros..
- I am proud that we have managed to overcome the many challenges of the pandemic, ending the year with a positive free cash flow,”…