HUGO BOSS Group (HUGSF.PK) reported that its first-quarter earnings before taxes decreased to 106.4 million euros from 125.2 million euros last year. Profit to equity holders of the parent company was 81.6 million euros or 1.18 euros per share, compared to 93.9 million euros or 1.36 euros per share last year. Net sales were down two percent to 593.5 million euros from 606.8 million euros last year.
The Group said the persistently challenging economic environment and a different timing of product deliveries to wholesale partners had an adverse impact on its sales and earnings performance in the first quarter. The Group reaffirmed its sales and profit targets for 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.