Hugo Boss reported sales of 999.0 million euros (-1.5 percent) for the first quarter. The consensus was 974.0 million euros. Adjusted EBIT fell by 11.6 percent to 61.0 million euros. The market was expecting 50.0 million euros.
For the year as a whole, the fashion group is forecasting sales of between 4.2 billion euros and 4.4 billion euros. EBIT is expected to be between 380 million euros and 440 million euros. The Baader analysts' model is based on 4.3 billion euros or 386.1 million euros. There are a number of uncertainties for the rest of the year, including the US tariffs. It is therefore not entirely clear whether the targets are really realistic.
The experts maintain their buy recommendation for Hugo Boss shares. The price target remains unchanged at 45.00 euros.
The experts at Warburg also maintain their buy recommendation for Hugo Boss shares. The target price here is 69.00 euros. The latest quarterly figures are above the analysts' estimates.
Hugo Boss shares (WKN: A1PHFF, ISIN: DE000A1PHFF7, Chart, News) gained 6.0 percent to 38.59 euros. Over the past twelve months, the share price has fallen by almost 20 percent.
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