On November 8th, German fashion group Hugo Boss AG (hereinafter referred to as “Hugo Boss”) announced financial data for the third quarter of FY 2018. Sales in the Asia Pacific region increased by 2% year-on-year to 87 million euros, mainly benefiting from double-digit E-Commerce growth.
In the third quarter, Hugo Boss had sales of 710 million euros, which was the same as that of the same period last year. EBITDA (earnings tax depreciation and pre-dilution profit) after special items fell 12% year-on-year to 126 million euros, which did not meet analysts’ expectations.
Among them, sales in the Asia-Pacific region increased by 2% year-on-year to 87 million euros, mainly benefiting from double-digit E-Commerce growth and business expansion in the Chinese mainland market. Sales performance in Macau and Hong Kong is equally gratifying. Sales in the Chinese market increased by 7% year-on-year, and the Japanese market also experienced high single-digit growth.