Tuesday, April 17, 2018

Hugo Boss annual report 2017

Front page of Hugo Boss 2017

For the report in full please click here and for the previous report then please visit Hugo Boss annual report 2016 and for an analysis then please visit analysis of Hugo Boss 2017.

If we take a look at the financial statement below then we see that they only had a minor increase in sales but due to less costs for for instance closing down unprofitable shops, which they did last year, they managed to increase the profits nicely from 194 to 231 million €. I would of course have loved to see an even larger jump but it is ok.

Income statement of Hugo Boss 2017

Conclusion: Hugo Boss is doing ok. They need to push up their earnings one tick next year but I see no reason for worries at this stage. It was supposed to be a very short investment that are now extending. I will remain as a shareholder.

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