HUGO BOSS Group sales rose by 11% to EUR 794 million in the first half of fiscal year 2007 (H1 2006: EUR 712 million). Currency-adjusted sales rose by 14%. The Company continued to sustain its dynamic business trend.
Against the backdrop of modest growth of 2% in the German fashion market, HUGO BOSS increased sales in Germany by 8% to EUR 177 million in the first half of 2007 (H1 2006: EUR 164 million). Sales in Europe excluding Germany grew by 17% to EUR 382 million (H1 2006: EUR 327 million). The Central and Eastern European markets made a particular strong contribution to this growth with an increase in sales of 40%.
In the USA, sales in the first half of 2007 rose by 9% (18% in local currency) to EUR 104 million (H1 2006: EUR 96 million). Sales in the People's Republic of China jumped 25% to EUR 19 million (H1 2006: EUR 15 million), underlining the growing importance of this market for the HUGO BOSS Group.
BOSS Womenswear generated sales of EUR 100 million in the first six months of 2007, marking a significant increase of 38% from the prior-year period (H1 2006: EUR 73 million). Net income in the womenswear business improved to EUR 6 million from the prior-year period (H1 2006: EUR 3 million).
The shoes and leather accessories business and the Group's own retail business made a significant contribution to the growth in Group sales in the first half of 2007 with growth of 20% to EUR 89 million (H1 2006: EUR 74 million) and of 27% to EUR 109 million (H1 2006: EUR 86 million), respectively.
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