The German company Hugo Boss revenue grew by 43% in 2021

German apparel and accessories producer Hugo Boss reported the end of 2021 with a 43% increase in revenue. It amounted to 2.8 billion euros. In the last quarter of the previous year, revenue jumped by 51% compared to the same quarter of the prior year and amounted to 906 million euros. Hugo Boss’ 4Q revenue was 12% higher than in the same quarter of pre-crisis 2019. The company’s quarterly profit amounted to 100 million euros, and at the end of the year, it reached 228 million euros. The figures exceeded Hugo Boss’ prognosis published in October. At the time, the company expected annual revenue growth of no more than 40%. Gain at the end of 2021 will amount to 200 million euros. The published statistics is a preliminary assessment of the activities of Hugo Boss in the past year. The concluding report is expected to be made public on 10 March. After the release of information on revenue and profit, the company’s shares began to rise in price.

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Arseny Kudrin

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