GERMANY: Hugo Boss Posts Flat Q1 Profit
The German company, controlled by Italian apparel group Marzotto, said its profit was hit by the cost of expanding production in Turkey and increased risk provisions.
First quarter sales, however, rose five per cent year-on-year to EUR357m, ahead of analysts' expectations.
Sales at the company's Boss Woman brand, meanwhile, rose 31 per cent year-on-year to more than EUR19m for the quarter.
The company said it intends to make a profit at Boss Woman, which last year broke even for the first time in its four-year history, for the full fiscal year.
Companies: Hugo Boss AG
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