HUGO BOSS, headquartered in Metzingen (Germany), is a leading global fashion and lifestyle company in the premium segment, offering high-quality women’s and men’s apparel, shoes, and accessories. The Company pursues a portfolio strategy, with the HUGO BOSS platform currently consisting of two strong brands – BOSS and HUGO. Our growth strategy “CLAIM 5” is closely linked to our vision of being the leading premium tech-driven fashion platform worldwide and our ambition of becoming one of the top 100 global brands. Key to the successful execution of “CLAIM 5” is the passion and commitment of our around 19,000 employees worldwide. In fiscal year 2023, HUGO BOSS generated record sales of EUR 4.2 billion.
Our “CLAIM 5” growth strategy is closely linked to our vision and ambition of being the leading premium tech-driven fashion platform worldwide and becoming one of the top 100 global brands. In this context, more than ever before we are putting the consumer at the center of all our activities. We aim at turning consumers into true fans and retain their loyalty to BOSS and HUGO. Our strategy is thereby based on five strategic pillars: “Boost Brands,” “Product is Key,” “Lead in Digital,” “Drive Omnichannel,” and “Organize for Growth.” It also includes a bold commitment to sustainability, together with a strong executional road map, and a firm commitment to empower people and teams.
Results 2023 | Outlook 2024 | |
---|---|---|
Group sales | EUR 4,197 million | Increase within a range of 1% to 4% to a level of between EUR 4.20 billion and EUR 4.35 billion |
Operating result (EBIT) | EUR 410 million | Develop within a range of minus 15% to plus 5% to a level of between EUR 350 million and EUR 430 million |
HUGO BOSS regards sustainability as an integral part of its business activities. “Sustainable throughout” thus lays an important foundation for our “CLAIM 5” group strategy. Our sustainability strategy is focused on running our business without waste and pollution, thus protecting our planet. The strategy’s foundation is a strong environmental, social and governance (ESG) basis in the areas of planet, product, and people.
We have set ourselves ambitious targets towards becoming more sustainable. This includes our five strategic pillars consisting of strongly increasing our circularity initiatives, driving digitization and data analytics, leveraging nature-positive materials, fighting microplastic, and keep pushing towards zero emissions.
HUGO BOSS AG Holy-Allee 3 72555 Metzingen Germany
Investor Relations +49 7123 94-80903 Investor-Relations@hugoboss.com