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ots Ad hoc-Service: Hugo Boss AG HUGO BOSS: Strong growth in the first nine months of 2000

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    Metzingen (ots Ad hoc-Service) -  HUGO BOSS: Strong growth in the first nine months of 2000

    Management Board once again raises forecast for the entire year 2000     HUGO BOSS registered a powerful plus in sales in the first nine months of the year: the total turnover of 1,459 million DEM comprises a 19% increase over the same period last year (1999: 1,228 million DEM).

    Earnings after taxes displayed an even more pronounced surge than sales. Between January and September 2000, the fashion group generated post-tax earnings of 187 million DEM, a 56% gain over the corresponding 1999 period.

    Considering the positive business trend, the Management Board at HUGO BOSS is once again making a marked upward adjustment in its forecast for the year as a whole. The projected annual sales growth for 2000 is now at least 17%. Despite the start up cost for the BOSS Woman collection, the net profit for the year is expected to be up 45% to 160 million DEM.

    The prospects for 2001 are also highly propitious. Advance sales for the 2001 summer season closed with a solid double digit gain.

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