German fashion group Hugo Boss reported a higher than expected annual operating profit on Tuesday, despite a challenging market environment.
The company reported earnings before interest and taxes (EBIT) of 391 million euros ($455 million) for 2025, up from 361 million euros a year earlier, and above analyst's average forecast of 379 million euros in a company-provided poll.
"2025 once again highlighted the rapid transformation of our industry, shaped by technological innovation, evolving consumer preferences and ongoing macroeconomic and geopolitical uncertainty," Chief Executive Officer Daniel Grieder said in a statement.
Luxury groups have been struggling with tighter consumer spending, with the sector hit by slowing demand for fashion and accessories particularly in the US and China.
The premium fashion retailer said it will propose a dividend of 0.04 euros per share for 2025, compared with 1.40 euros a year earlier.
