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SRH AlsterResearch AG Initiation: Hugo Boss - Strong rebound becomes visible; Rating down to HOLD; PT up

SRH AlsterResearch AG Initiation: Hugo Boss - Strong rebound becomes visible; Rating down to HOLD; PT up

Nachrichtenquelle: AlsterResearch AG
07.05.2021, 14:07  |  188   |   |   

In Q1, Hugo Boss was able to limit the decline in sales to 10% (8% in constant currency). This is a clearly a success given the closure of around half of all shops in Europe, the most important market for Hugo Boss.

Hugo Boss Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de

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SRH AlsterResearch AG Initiation: Hugo Boss - Strong rebound becomes visible; Rating down to HOLD; PT up In Q1, Hugo Boss was able to limit the decline in sales to 10% (8% in constant currency). This is a clearly a success given the closure of around half of all shops in Europe, the most important market for Hugo Boss. The expansion of its online business (Fx adj. +72%) and China (Fx adj. +98%) provided support. We expect further sales potential in China as soon as several special effects have expired.

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