HUGO BOSS proposes dividend increase
The Supervisory Board also gave consideration to the Managing Board´s proposal of paying a special dividend to reflect the capital structure that is planned for the future, and has concurred with the recommendation to pay a special dividend of EUR 5.00 per common and preferred share for fiscal 2007.
"Our strategic orientation will not change, and the Managing and Supervisory Boards will continue to stand behind the growth strategy already in place," stated Joachim Reinhardt, Chief Financial Officer of HUGO BOSS AG. "In the future, we will continue to focus on expanding and internationalizing the Group. By paying a special dividend, HUGO BOSS is enabling all shareholders to participate in the Company´s success and improving the capital structure while at the same time maintaining the Company´s financial flexibility to continue growing organically and making acquisitions."
At today´s session, the Supervisory Board accepted the financial statements of HUGO BOSS AG for the year ended December 31, 2007 as prepared by the Managing Board and approved the consolidated financial statements of the HUGO BOSS Group.
According to the 2007 financial statements, the fashion group increased sales in the past fiscal year by 9% (currency adjusted: 12%) from EUR 1,496 million to EUR 1,632 million. Earnings before interest and taxes rose by 19% to EUR 220 million (2006: EUR 184 million), and net income increased by 20% to EUR 154 million (2006: EUR 129 million).
For further information on HUGO BOSS AG, please see our website at www.group.hugoboss.com.
If you have any questions, please contact:
Director of Communication
Phone: +49 (0) 7123 94-2375
Fax: +49 (0) 7123 94-2051
Phone: +49 (0) 7123 94-1326
Fax: +49 (0) 7123 94-2035
HUGO BOSS 11 March 2008_e (http://hugin.info/131370/R/1200069/245008.pdf)
The announcement was distributed by Hugin.
The issuer is solely responsible for the content of this announcement.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release HUGO BOSS proposes dividend increase here
News-ID: 39543 • Views: 1203
More Releases from HUGO BOSS AG
HUGO BOSS: Financial statements for 2007
Sales rise by 9% to EUR 1,632 million - Net income up by 20% to EUR 154 million Metzingen, March 27, 2008. At the press conference held today in Metzingen, the Managing Board of HUGO BOSS AG presented the annual accounts for the 2007 financial year, which showed an increase in the fashion group's sales of 9% (12% after currency adjustments) to EUR 1,632 million (2006: 1,496 million). In Germany,
HUGO BOSS workplace agreement
HUGO BOSS reaffirms growth strategy with workplace agreement Metzingen, March 19, 2008. To demonstrate their confidence in the Group's future growth, the HUGO BOSS Managing Board and Works Council have sealed a comprehensive workplace agreement with the support of the Supervisory Board. Now that negotiations have been successfully completed, the company is responding to the press coverage of the past few days. "The strategic orientation of the Group
Change regarding the Chairman of the Supervisory Board of HUGO BOSS AG
Metzingen, March 18, 2008. Dr. Giuseppe Vita, who has been Chairman of the Supervisory Board of HUGO BOSS AG since 2000, has informed the company today that he intends to step down from office with effect as of 30 June 2008. Dr. Vita commented as follows: "Because of other engagements I had planned for quite some time to step down from office. However, for purposes of continuity for the company,
Personnel changes on the Managing Board of HUGO BOSS
Metzingen, March 5, 2008. The Supervisory Board of HUGO BOSS AG and Dr. Werner Lackas who has been the Managing Board member responsible for Purchasing, Production, and Logistics since October 1, 1997, have agreed that Dr. Lackas will leave the Managing Board of the Company as of today\'s date. Dr. Lackas will be leaving on excellent terms in a move supported by all concerned. The Supervisory and Managing Boards of
More Releases for EUR
Archiware delivers professional Archive and Backup for 1,000 EUR
Archiware GmbH, manufacturer of the media-focussed data management software suite Archiware P5, now offers the new, affordable P5 Desktop Edition. The new license bundle caters to small teams and single users willing to professionally archive their media. Director and DOP Anton Nelson showcases what the P5 Desktop Edition can do in a beautiful testimonial. Munich, February 4th, 2019 - Keeping media safe is crucial in media production – be it raw
onlineprinters.com invests more than EUR three million in production
New 8-colour offset printing press expands online print shop's capacity Neustadt an der Aisch, Germany – By investing more than EUR three million, Onlineprinters, the internationally operating online print shop, has expanded the production facilities at its German site. Extra offset printing capacity was added in September with the purchase of a new state-of-the-art 8-colour printing press, the Heidelberger Speedmaster XL 106-8P, including a new CTP system for digital printing plate
EUR 155,000 for Safe Zones Project
Eichsfeld Festival Attracts 25,000 Music Fans to Downtown Duderstadt "Tonight is going to rock!" It was with these words that initiators Professor Hans Georg Näder and Peter Maffay opened the 2012 Eichsfeld Festival this past Saturday. Around 25,000 music fans followed the invitation to experience top-class live performances in the Marktstraße of Duderstadt that day. Peter Maffay, Ich + Ich and four regional special guests did more than just wow the
Clariant successfully issues EUR 500 million Eurobond
Muttenz, January 17, 2012 – Today, Clariant successfully priced an Eurobond transaction of EUR 500 million with a tenor of 5 years, issued by Clariant Finance (Luxembourg) S.A. and guaranteed by Clariant Ltd. The fixed rate notes with a minimum denomination of EUR 100,000 and a final coupon of 5 ⅝ % p.a. are maturing on January 24, 2017. The orderbook was significantly oversubscribed on the back of strong investor demand.
VSCloud – cloud services from 0.78 EUR per day
On 15th of August, at a press conference, the unique cloud project named VSCloud was presented which provides cloud services of IaaS (Infrastructure as a Service) type. After three months, VSCloud can boast with hundreds of active users mainly from the Czech Republic and Slovakia. The leadership of VSCloud foresees that the number of first thousand active users will be surpassed by the end of this year. What are the advantages
“Die Presse” Scholarship in the amount of EUR 15000
MSc Program Environmental Technology and International Affairs The shortage of environmental resources and the dealing with pollution are challenges which the international society of the 21st century has to face. Climate change, water shortage and air pollution are only some of the problems which have to be solved. The purpose of a sustainable development can be reached only if decision makers dispose of a comprehensive education. The cooperation between the Vienna University