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Hugo Boss expects to grow to 4.5 billion euro

Hugo Boss said that it expects sales and earnings to grow this year, but warned that it might not meet its 2025 sales guidance amid weak consumer sentiment. The German premium-fashion firm said that it expects sales to grow between 3% and 6% to around 4.30 billion to 4.45 billion euros ($4.69 billion-$4.85 billion) in 2024. Earnings before interest and taxes should increase by 5% to 15% to around EUR430 million to EUR475 million, while the EBIT margin is expected to improve to between 10.0% and 10.7%. The company’s 2024 expectations are below analysts’ forecasts of EUR4.56 billion in sales and EBIT of EUR491 million, according to a FactSet-compiled poll of estimates.

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