Hugo Boss Ag S/Adr (BOSSY) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Welcome and thank you for joining the Hugo Boss Q3 2024 results call. Throughout today's recorded presentation, all participants have been listened only mode. The presentation will be followed by a question and answer session. If you would like to ask a question, you may press star followed by one on your telephone. Please press the star key followed by zero for operator assistance. And now I would like to turn the conference over to Christian Stöhrer, Vice President of Investor Relations. Please go ahead. Good morning, ladies and gentlemen, and welcome to our third quarter 2024 results presentation. Hosting our conference call today is Yves Miller, CFO and COO of Hugo Boss. Before I hand over to Yves, allow me to remind you that all revenue-related growth rates will be discussed on a currency-adjusted basis unless otherwise specified. Also, and just like in the past, Please limit your questions during the Q&A session to a maximum of two. And with that, let's get started, and over to you, Yves. Thank you, Christian, and a warm welcome from Metzingen, ladies and gentlemen. As you could see from our press release this morning, at Hugo Boss, we can look back on a solid third quarter performance, a quarter characterized by revenue improvements despite ongoing external challenges due to weak consumer sentiment. This development is a testament to the strength and attractiveness of our brands, Boss and Hugo, which we have built up in recent years by consistently executing our Claim 5 strategy. Equally important, we have clearly improved cost efficiency, as announced in our last update in August. By leveraging our global sourcing activities and implementing dedicated cost measures, we have increased efficiency and effectivenes...