BERLIN (dpa-AFX) - Shares of Hugo Boss AG (BOSS.DE) slipped over 8% on
Tuesday after the company cut its financial guidance for the year, reflecting
weakness in key markets such as China and the UK.

BOSS is currently trading at EUR36.91, down EUR3.46 or 8.57%, on the XETRA.

The German fashion brand now expects EBIT of between EUR 350 million and EUR 430
million in 2024, down from a previous range of EUR 430 million to EUR 475
million, according to a statement. The company also expects group sales of
around EUR 4.20 billion to EUR 4.35 billion, EUR 4.30 billion to EUR 4.45
billion.

Hugo Boss said it lowered its financial outlook for full year 2024, 'factoring
in the persistent macroeconomic and geopolitical challenges that are dampening
global consumer demand.'

'The overall market environment remained particularly challenging in key markets
such as the UK and China,' the company added.



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