• Sales increase by 14% to EUR 1,496 million
• Net income rises by 19% to EUR 129 million
• BOSS Womenswear: Sales climb by 69%  

The HUGO BOSS Group with headquarters in Metzingen, Germany is one of the most successful international fashion companies in the high-end fashion market, with sales of approximately EUR 1.5 billion and more than 8,400 employees worldwide.

Strategic management of the HUGO BOSS Group is headed by four Managing Board members who are responsible for departments such as marketing, sales, production, logistics, retail, and finances. The operating business is conducted by HUGO BOSS AG and 24 subsidiaries worldwide, whose managing directors report directly to the Managing Board.

As set forth in Section 6 Paragraph 1 of the Company’s Articles of Association, the Managing Board of HUGO BOSS AG comprises at least two members. The members of the Managing Board are appointed by the Supervisory Board pursuant to Sections 84 and 85 of the German Stock Corporation Act (AktG) for a maximum of five years. The Supervisory Board decides in accordance with the provisions of the German Stock Corporation Act and the German Co-Determination Act on the number of Managing Board members, the appointment of such members and revocation of the appointments and contracts of employment. According to Section 6 Paragraph 3 of the Articles of Association, Managing Board members should as a rule not be older than 60 years of age upon appointment.

The share capital of HUGO BOSS AG amounts to EUR 70,400,000 and is divided into 35,860,000 common shares (50.9%) and 34,540,000 preferred shares (49.1%) equivalent to a share in the issued share capital of EUR 1.00 per common or preferred share. The shares of HUGO BOSS AG are bearer shares. There are no legal or statutory restrictions on voting rights or transfer of shares; the Managing Board is not aware of any agreements between shareholders to such effect.

Unlike the common shares, the preferred shares are non-voting shares. However, the dividends paid to bearers of non-voting preferred shares from net retained earnings are EUR 0.01 higher per preferred share than the dividends paid to bearers of common shares. Assuming sufficient net profit, the dividend for preferred shares amounts to no less than EUR 0.01 per share.

HUGO BOSS AG issues no shares vested with special rights granting powers of control. No special provisions exist with regard to the exercise of shareholder rights by shareholders that are employees of HUGO BOSS AG. In particular, no voting controls exist.

Pursuant to Section 119 Paragraph 1 Sentence 5 of the German Stock Corporation Act, any changes to the Articles of Association must be approved by the Annual Shareholders’ Meeting. Unless otherwise mandated by the German Stock Corporation Act, resolutions are approved pursuant to Section 17 Sentences 2 and 3 of the Articles of Association by simple majority of the votes cast and – insofar as a majority of the capital is required to be represented for approving a resolution – by simple majority of the share capital represented upon voting on the resolution. Accordingto Section 20 of the Articles of Association, the Supervisory Board is authorized to resolve on modifications to the Articles of Association that affect the wording only.

HUGO BOSS products can be found in more than 100 countries and some 5,700 points of sale. The brand world of HUGO BOSS is made up of the core BOSS brand and the trendy HUGO brand, offering extraordinary fashion diversity at a consistently high level of quality. The textile collections are rounded out by products such as shoes and leather accessories. Licensed products such as fragrances and cosmetics as well as watches and eyewear complete the product range.

To reinforce the focus on the Company’s two brands, BOSS and HUGO, the HUGO BOSS Group has sold off the textile activities of the BALDESSARINI brand.

A global sales network with efficient logistics, outstanding product competence, and a high level of quality products distinguish HUGO BOSS as a professional business partner for its international customers.

Intensive marketing activities such as Formula 1 sponsorship, our commitment to the sport of sailing, and promotion of cultural events are leading to worldwide recognition and enhancing the image of the HUGO BOSS brands and our Company.