Hugo Boss shares rose 8.8% on Tuesday after the company announced an increase in its revenue and profit for the second quarter. Revenue increased to 129 million euros compared to last year, totaling 686 million euros in the current year. Profit before tax and interest increased by 26% and amounted to 133 million euros.
"We are very pleased with the results of the second quarter," noted the company's general director. "Despite certain challenges that we still encounter due to the pandemic, our business continues to recover on the path to sustainable growth."
During the press conference, the company also confirmed its forecast for 2021, projecting an increase in sales by 30-40% compared to 2020.
