Hugo Boss sales decline, expects recovery towards second half of 2021

hugo boss sales decline expects recovery towards second half of 2021

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,”…

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