German clothing maker Hugo Boss AG (HUGSF.PK) Thursday said it plans further profitable growth in 2013 following successful year in 2012, with all regions, distribution channels and brands contributing to the growth.
The Group expects to generate a high-single-digit currency-adjusted sales and earnings growth in 2013 and confirmed its medium-term goals. EBITDA before special items for the year is expected to rise at a high-single-digit rate. All regions are projected to contribute to this growth, it said.
The company anticipates continued double-digit growth in its own retail business, while wholesale channel is expected to record almost stable development.
The company also plans to expand its store network with around 50 new stores, excluding takeovers.
Claus-Dietrich Lahrs, CEO of the company said, "Our success in the past year is based primarily on the appeal of our brands and our business model. We also see major opportunities to continue to grow profitably and further enhance the perception of our brands in 2013, particularly by means of strong growth in the Group's own retail business."
As reported in early February, full-year 2012 net income attributable to equity holders advanced to 307.4 million euros from 284.9 million euros in 2011. Annual sales climbed 14 percent to 2.346 billion.
The company had reported a 30 percent increase in fourth-quarter net income, with net sales growth of 22 percent.
Hugo Boss said its board will propose at its Annual Shareholders' Meeting, an 8 percent increase in fiscal 2012 dividend to 3.12 euros. The proposal corresponds to a payout ratio of 70 percent of consolidated net profit attributable to the shareholders of the parent company in 2012.
On Frankfurt's Xetra, the shares are currently trading at 88.88 euros, down 1.59 percent.
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