Nov 5 Reuters Hugo Boss39; thirdquarter operating profit slightly beat market expectations on Tuesday, as it reported a 1 increase in currencyadjusted group sales amid persistently weak demand in China.
Quarterly earnings before interest and tax EBIT were down 7 on the year at 95 million euros 103.3 million, but came in above analysts39; estimate of 90 million euros in a companyprovided poll, helped by cost management, it said.
The Hugo Boss shares were indicated up 2.5 in Lang Schwarz premarket trade.
Currencyadjusted sales were 1.029 billion euros, slightly up from the 1.027 billion last year and broadly in line with market expectations of 1.023 billion euros.
Particularly in China, the overall market environment was affected by persistent subdued consumer demand, which in turn weighed on the business performance, the company said in a statement.
1 0.9193 euros
Reporting by Linda Pasquini and Ozan Ergenay in Gdansk; Editing by Milla Nissi
Source Reuters