August 2, 2018 / 5:48 AM / 2 months ago

Demand in Europe and Asia boost Hugo Boss sales in second quarter

FRANKFURT/PARIS, Aug 2 (Reuters) - German fashion house Hugo Boss posted a 6 percent rise in currency-adjusted sales in the second quarter, lifted by demand in Europe and Asia as rival high-end brands report resilient sustained appetite from Chinese shoppers.

The company said revenues for the April to June period came in at 653 million euros ($760.55 million), picking up slightly from a quarter earlier and beating the averaged analyst forecasts of 645 million euros in an Inquiry Financial poll.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) before special items was down 1 percent from a year ago to 106 million euros, just below average analyst forecasts for 107 million euros.

Hugo Boss said it was on track to meet its full year goals.

$1 = 0.8586 euros Reporting by Vicki Bryan and Sarah White; Editing by Sudip Kar-Gupta

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