(Reuters) -German fashion house Hugo Boss reported third-quarter sales and operating profit in line with market expectations on Thursday, citing continued brand momentum across its regions and channels.
Quarterly sales rose 15% to 1.03 billion euros ($1.09 billion) from 933 million a year earlier, roughly in line with analysts’ estimate of 1.02 billion in a poll provided by the company.
Earnings before interest and taxes (EBIT) rose 12% to 103 million euros in the quarter, also matching analysts’ estimate of 102 million euros.
Hugo Boss confirmed its annual guidance for sales of 4.10-4.20 billion euros and an operating profit of 400-420 million euros, corresponding to 20%-25% growth.
The company said it remained vigilant on current geopolitical tensions and macroeconomic uncertainties, which could drag consumer sentiment in the future.
($1 = 0.9438 euros)
(Reporting by Linda Pasquini in Gdansk; editing by Milla Nissi)
