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Despite sales dip, Hugo Boss beats forecasts, stays optimistic for future growth.
Hugo Boss, a German fashion company, reported first-quarter revenue of 999 million euros, slightly below last year's figure but above analysts' forecasts.
The company's earnings before interest and taxes surpassed expectations, rising 8.4% on the day.
Despite a 2% decline in sales and a drop in EBITDA, Hugo Boss maintained its full-year forecast, predicting sales between 4.2 billion and 4.4 billion euros, and an EBIT margin between 9.0% and 10.0%.
Weaker sales in the Asia-Pacific region, especially China, contributed to the decline, but the company remains optimistic about its future growth.
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A pesar de la caída de ventas, Hugo Boss supera las previsiones, se mantiene optimista para el crecimiento futuro.