The chief executive of German fashion giant Hugo Boss AG, Bruno Saelzer, has said his firm will not issue any profit warnings this year and its Boss Woman collection has seen good delivery and pre-order volume.

Saelzer told Wirtschafts Woche magazine Hugo Boss will hit its net earnings target of around 70 million euros on flat sales.

He added that due to inventory discrepancies in the US the firm will report a one-off provision of about six million euros.