Arab Today, arab today hugo boss set to raise 2015 margin target
Last Updated : GMT 07:19:11
Arab Today, arab today
Arab Today, arab today

Hugo Boss set to raise 2015 margin target

Arab Today, arab today

Arab Today, arab today Hugo Boss set to raise 2015 margin target

Paris - Arabstoday

Hugo Boss is set to raise its 2015 profit margin target this fall, helped by the vigour of the global luxury market and improved productivity, sources close to the German fashion brand said. The maker of sharply cut men’s suits has already met its 2015 underlying profit margin target while bigger luxury rivals such as PPR, LVMH and Burberry  published record results last month.“If we don’t get a recession, Hugo Boss is on track to raise its midterm target,” a source close to Hugo Boss told Reuters.Hugo Boss posted a margin for EBITDA (earnings before interest, depreciation and amortisation) of 20.6 per cent at the end of June, already above its 2015 target of 20 per cent which it repeated in March.Even if stock markets became more bearish, which would impact the portfolios of the affluent potential buyers of Hugo Boss suits, several analysts said they still expected the company to lift its 2015 target on its investor day of Nov.8 “Many analysts are expecting Hugo Boss to raise their guidance,” Commerzbank analyst Andreas Riemann said. Analysts said they expected the company to raise its 2015 EBITDA margin to at least 23-24 per cent while they see the margin reaching 22.8 per cent on a full-year basis in 2011, up from 20.2 per cent in 2010 and 17.1 per cent in 2009.“Anything below 23 per cent would be a disappointment,” one Frankfurt-based analyst said. “They would have to raise their guidance as otherwise, it would mean they are going backwards.”On on Wednesday, Hugo Boss shares, which have gained 22 per cent since Jan.1, were up nearly 7 per cent at 67.88 euros by 1057 GMT, outperforming the DAX index of German blue chips which was up 2 per cent. Hugo Boss is controlled by private equity firm Permira which has a 72 per cent stake. The Marzotto family, one of Italy’s best-known textile names, also owns Hugo Boss shares indirectly through investments in Permira.In spite of the stock price rise, a source close to the company’s shareholders said they were not planning to cash in on their investment for now.The luxury goods market has been surprisingly buoyant in spite of concerns about a potential consumer spending slowdown. From / Gulf Today

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hugo boss set to raise 2015 margin target Arab Today, arab today hugo boss set to raise 2015 margin target

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hugo boss set to raise 2015 margin target Arab Today, arab today hugo boss set to raise 2015 margin target

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday