Hugo Boss AG 2020 AR2
The report highlights HUGO BOSS's performance during the challenging fiscal year 2020, which was heavily impacted by the COVID-19 pandemic. Despite a 31% currency-adjusted decline in Group sales to EUR 1,946 million, the company's online business grew by 49% to break the EUR 200 million mark for the first time. HUGO BOSS successfully implemented comprehensive cost-saving measures of over EUR 600 million to secure liquidity, ending the year with a positive free cash flow of EUR 164 million. Additionally, the company continued its strong commitment to sustainability, being included in the Dow Jones Sustainability Index World for the fourth consecutive year and launching its first fully vegan BOSS suit.
Company: Hugo Boss AG
Sector: Manufacturing
Country: Germany
Year: 2020
Type: AR2
Pages: 236
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Hugo Boss AG
Annual Report
The report highlights HUGO BOSS's performance during the challenging fiscal year 2020, which was heavily impacted by the COVID-19 pandemic. Despite a 31% currency-adjusted decline in Group sales to EUR 1,946 million, the company's online business grew by 49% to break the EUR 200 million mark for the first time. HUGO BOSS successfully implemented comprehensive cost-saving measures of over EUR 600 million to secure liquidity, ending the year with a positive free cash flow of EUR 164 million. Additionally, the company continued its strong commitment to sustainability, being included in the Dow Jones Sustainability Index World for the fourth consecutive year and launching its first fully vegan BOSS suit.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Net Zero Target
Employees