German fashion house Hugo Boss forecast further sales and earnings growth in 2005 on the back of a boom at its womenswear line but warned growth in gross profit margin would slow this year. The suit maker, controlled by Italian clothing firm Marzotto, said on Wednesday currency-adjusted sales will grow by 7-9 percent in 2005, with pretax profit rising proportionally.
"We are confident to again grow more strongly than the global fashion market in 2005," Chief Executive Bruno Saelzer told an annual news conference at the firm's headquarters in Metzingen, near Stuttgart.
In 2004, it boosted pretax profit by 8 percent, while sales rose 11 percent, helped by a 36-percent jump in womenswear. Boss Woman is set for double-digit sales growth again this year.
But Saelzer cautioned growth in the gross profit margin would slow this year after it hit 54 percent in 2004, up from 51.7 percent a year earlier.
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