DGAP-Ad-hoc: HUGO BOSS AG / Key word(s): Preliminary Results HUGO BOSS AG: Based on preliminary figures HUGO BOSS achieves its annual financial targets 16-Jan-2017 / 08:32 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Group sales declined in the fourth quarter, by 1% on a preliminary, non-audited basis and adjusted for currency effects. In euro terms, revenues amounted to EUR 725 million, a decline of 3% compared to the prior year. On a preliminary, non-audited basis, Group sales in the full year amounted to EUR 2,693 million, a decline of 4% compared to the prior year. On a currency-adjusted basis, the decrease was 2%. Subject to the completion of year-end closing procedures, the Group expects that operating profit (adjusted EBITDA before special items) will reach the upper end of the forecast range. HUGO BOSS had confirmed its outlook of a profit decline between 17% and 23% in November (adjusted EBITDA before special items 2015: EUR 594 million). Mitteilende Person: Judith Eckl, Director Legal, Compliance and Risk Management --------------------------------------------------------------------------- Information and Explanation of the Issuer to this News: The development of Group sales and profits improved in the fourth quarter compared to earlier in the year. HUGO BOSS made progress in its own retail business in particular. As a result, operating profit in the full year of 2016 is expected to reach the upper of the forecast range. 'Fourth quarter results underline that we are on the right way', says Mark Langer, CEO of HUGO BOSS AG. 'In China, we completed the turnaround in the second half of the year. In Europe, we held up well in a difficult market environment. We will continue to work intensively on implementing our strategic plans presented in November. We are confident that this will enable us to return to sustainable profitable growth.' In the fourth quarter, Group sales declined by 1% on a preliminary basis and adjusted for currency effects. In euro terms, revenues amounted to EUR 725 million, a decline of 3% compared to the prior year. In Europe, sales increased 2% on a currency-adjusted basis mainly due to robust growth in the UK. Revenues in Germany were up, too. In the Americas, sales were down 14% in local currencies. However, the Asian business was 5% above the prior level. In Mainland China, HUGO BOSS achieved comp store sales increases of close to 20% adjusted for currency effects. Sales in the own retail business (including online and outlets) improved by 4% on a currency-adjusted basis in the fourth quarter. On a comparable store basis, revenues decreased by 3%. However, this represents a significantly lower rate of decline compared to earlier in the year. Sales in the wholesale business were 13% below the prior year level in local currencies. Continued efforts to clean up distribution in the US had a material impact on performance. On a preliminary, non-audited basis, Group sales in the full year amounted to EUR 2,693 million, a decline of 4% compared to the prior year. On a currency-adjusted basis, the decrease was 2%. Subject to the completion of year-end closing procedures, the Group expects that operating profit (adjusted EBITDA before special items) will reach the upper end of the forecast range. HUGO BOSS had confirmed its outlook of a profit decline between 17% and 23% in November (adjusted EBITDA before special items 2015: EUR 594 million). The Group will publish its final results for 2016 as well as its financial outlook for the year 2017 on March 9. On the same day, press and analyst conferences will be held. On the day before, the Supervisory Board will resolve upon the dividend proposal for the year 2016. If you have any questions, please contact: Dr. Hjördis Kettenbach Head of Corporate Communications Phone: +49 7123 94-83377 Fax: +49 7123 94-80237 Dennis Weber Head of Investor Relations Phone: +49 7123 94-86267 Fax: +49 7123 94-886267 --------------------------------------------------------------------------- 16-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: HUGO BOSS AG Dieselstraße 12 72555 Metzingen Germany Phone: +49 (0)712 394-0 Fax: +49 (0)712 394-80259 E-mail: [email protected] Internet: www.hugoboss.com ISIN: DE000A1PHFF7 WKN: A1PHFF Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange End of Announcement DGAP News Service --------------------------------------------------------------------------- 536513 16-Jan-2017 CET/CEST