Subsequent events and outlook

HUGO BOSS expects to continue its successful growth trajectory in 2015. Implementation of the Group’s strategy and the initiatives derived from it will raise sales and operating profit to record heights for the Company. The Group’s sales should climb thanks to growth in all regions. Its own retail business is expected to continue driving this growth. A strong focus on productivity improvements in the Group’s own retail business, gross margin expansion and strict management of operating overhead cost will contribute to the planned increase in earnings.