Hugo Boss: sets 'high targets' for next few years
(CercleFinance.com) - Hugo Boss has set itself "high targets" for the next few years, the German fashion group said on Thursday, with the firm seeking to outperform the market.
At its investor day in London, the company said that it intends to increase currency-adjusted sales over the next four years by an average of between 5% and 7% and increase its operating margin to 15%.
Hugo Boss also said that it expects operating profit to grow "significantly better" than sales.
The group also confirmed a dividend payout ratio of between 60% and 80% of earnings.
Investors cheered the news: Hugo Boss shares are up over 2% this morning in Frankfurt.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
At its investor day in London, the company said that it intends to increase currency-adjusted sales over the next four years by an average of between 5% and 7% and increase its operating margin to 15%.
Hugo Boss also said that it expects operating profit to grow "significantly better" than sales.
The group also confirmed a dividend payout ratio of between 60% and 80% of earnings.
Investors cheered the news: Hugo Boss shares are up over 2% this morning in Frankfurt.
Copyright (c) 2018 CercleFinance.com. All rights reserved.