Hugo Boss Ag S/Adr (BOSSY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, and good morning, ladies and gentlemen. Welcome to our third quarter 2025 results presentation. Hosting our conference call today is Yves Miller, CFO and COO of Hugo Boss. Before we begin, please be reminded that all growth rates related to revenue will be discussed on a currency-adjusted basis unless stated otherwise. To ensure a smooth and efficient Q&A session, we kindly ask you to limit your questions to two. And with that, let's get started Yves, the floor is yours. Thank you, Christian, and a warm welcome from Metzingen, ladies and gentlemen. As outlined in our press release this morning, Hugo Boss delivered a solid set of third quarter results, despite ongoing headwinds across the global consumer landscape. While the environment remained volatile and traffic levels in many markets faced pressure, we executed with discipline and focus, prioritizing the levers within our control. In particular, we stayed committed to advancing our long-term priorities with a strong emphasis on further strengthening our brand equity through investments in brand building initiatives. This dedication, coupled with our focus on operational excellence and strict cost discipline, resulted in robust gross margin improvements and notable bottom-line enhancements. Let's therefore take a closer look at our Q3 financial performance. Group sales declined 1% year-over-year, mainly due to an unfavorable timing of wholesale deliveries. In reported terms, revenues were down 4% as substantial currency headwinds, particularly from the weaker U.S. dollar, weighed on the top-line performance. Meanwhile, EBIT remains stable at 95 million euros, with the EBIT margin improving by 30 basis points to 9.6%. The solid margin expansion highlights the success of our structural efficiency measures...