Hugo Boss AG reported preliminary non audited group sales results for the fourth quarter and full year of 2016. For the quarter, group sales declined in the by 1%. Revenues amounted to EUR 725 million, a decline of 3% compared to the prior year. The development of group sales and profits improved in the fourth quarter compared to earlier in the year.

For the full year the company reported group sales amounted to EUR 2,693 million, a decline of 4% compared to the prior year. On a currency-adjusted basis, the decrease was 2%.

Subject to the completion of year-end closing procedures, the Group expects that operating profit (adjusted EBITDA before special items) will reach the upper end of the forecast range. The company had confirmed its outlook of a profit decline between 17% and 23% in November (adjusted EBITDA before special items 2015: EUR 594 million).