Hugo Boss AG

ots Ad hoc-Service: Hugo Boss AG Sales Growth 2000: +23%
Earnings Growth 2000: +93%

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    Metzingen (ots Ad hoc-Service) -    

    Sales Growth 2000: +23%

    Earnings Growth 2000: +93%

    Management Board and Supervisory Board Working Committee recommend higher dividend, special dividend and share split

    Metzingen. The year 2000 has been the most successful business year for HUGO BOSS to date. For the fifth time, the fashion group has succeeded in increasing its consolidated sales by double digits - and posted the tenth record income year in a row. The Management Board and Supervisory Board Working Committee are recommending that the dividend be increased, a special dividend paid, and a share split implemented.

    Group sales in 2000 were up 23% to 1.806 billion DEM (1999: 1.473 billion DEM). Consolidated earnings after taxes rose 93% during the same period to total 213 million DEM. Adjusted for the tax effects of the proposed special dividend, the increase amounts to 75%, or a total of 194 million DEM. During the year ended, the DVFA result1 improved by 57% to 184 million DEM (1999: 117 million DEM). Earnings per share were 13.34 EUR (1999: 8.51 EUR).

    HUGO BOSS will be adhering to its earnings-oriented dividend policy of the past. In light of the Group's positive liquidity and earnings position, the Management Board and Supervisory Board Working Committee are recommending that the Supervisory Board propose a dividend increase of 3.00 EUR per share for the 2000 business year to the Shareholders' Meeting. Accordingly, 7.00 EUR would be paid out per common share (1999: 4.00 EUR) and 7.07 EUR per preferred share (1999: 4.07 EUR). The Management Board is further recommending - for tax considerations - that a special dividend of 6.24 EUR be distributed for both classes of stock. The proposed payout volume for common and preferred shares will thus total 183 million DEM. Shareholders subject to taxation in Germany will receive the full tax credit for the regular and special dividends.

    To make HUGO BOSS shares even more appealing for small investors, the Management Board and Supervisory Board Working Committee are recommending a share split which would multiply the number of shares by ten.

    If you have any questions, please contact:

    Godo Kraemer Head of Communication

    Phone: +49 (0) 7123-942375 Fax: +49 (0) 7123-942051 email:

    Further information on our company and brands is available at

    1 Ascertained according to the joint recommendations of the DVFA/SG ("German Association of Financial Analysts and Investment Consultants/Schmalenbachgesellschaft").

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