Hugo Boss: Stifel still on hold
(CercleFinance.com) - Hugo Boss has announced its FY 2024 results.
Following this announcement, Stifel maintains its 'Hold' recommendation on the stock, with an unchanged price target of E40.
Stifel believes that Hugo Boss achieved better-than-expected sales growth of +6% currency-adjusted in Q4 2024 (vs. +3% for the consensus).
This result was achieved thanks to accelerated growth in America and Europe, the analyst says.
Stifel adds in its study of the day that profitability for fiscal 2024 is in line with EBIT of E361m (margin of 8.4%),
Forecasts for FY 2025 are weak at sales level (between -2% and +2% vs. +4% for consensus) but in line at EBIT level.
Continued improvement in cost efficiency should help Hugo Boss to protect underlying profitability in fiscal 2025, Stifel concludes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Following this announcement, Stifel maintains its 'Hold' recommendation on the stock, with an unchanged price target of E40.
Stifel believes that Hugo Boss achieved better-than-expected sales growth of +6% currency-adjusted in Q4 2024 (vs. +3% for the consensus).
This result was achieved thanks to accelerated growth in America and Europe, the analyst says.
Stifel adds in its study of the day that profitability for fiscal 2024 is in line with EBIT of E361m (margin of 8.4%),
Forecasts for FY 2025 are weak at sales level (between -2% and +2% vs. +4% for consensus) but in line at EBIT level.
Continued improvement in cost efficiency should help Hugo Boss to protect underlying profitability in fiscal 2025, Stifel concludes.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.