German clothing maker Hugo Boss (HUGSF.PK) reported that its fourth-quarter net income attributable to equity holders rose 30% to 69.7 million euros from 53.5 million euros in the same quarter last year. Earnings per Ordinary share increased to 1.01 euros from 0.77 euros in the year ago quarter.
Earnings before taxes for the quarter rose to 93.1 million euros from 71.7 million euros in the year ago quarter.
Net sales for the quarter increased 22% to 607.4 million euros from last year's 499.3 million euros. Sales rose by 18% in the fourth quarter of 2012 after adjustment for currency effects.
The company expects to generate a high single-digit currency-adjusted increase in sales in 2013. The Group plans to expand its store network with around 50 new stores excluding takeovers. EBITDA before special items is expected to rise at a high-single-digit rate. The Group considers itself to be on track to achieve its medium-term goals.
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