BERLIN, Dec 3 (Reuters) – German fashion group Hugo Boss on Wednesday said that it aims to achieve an operating profit margin of around 12% over the medium-to-long term as part of a strategic overhaul. The company said it would strengthen its financial base by consolidating and realigning operations to achieve an earnings before interest […]
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Hugo Boss aims for long-term 12% operating profit margin in strategic overhaul
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BERLIN, Dec 3 (Reuters) – German fashion group Hugo Boss on Wednesday said that it aims to achieve an operating profit margin of around 12% over the medium-to-long term as part of a strategic overhaul.
The company said it would strengthen its financial base by consolidating and realigning operations to achieve an earnings before interest and taxes (EBIT) margin of 12% in the long term.
“2026 will be a year of consolidation and realignment and an important step toward positioning HUGO BOSS for long-term profitable growth,” said Hugo Boss CFO Yves Mueller.
(Writing by Miranda Murray; Editing by Sonali Paul)