German fashion house Hugo Boss Thursday, April 26 posted a solid 15-percent increase in profits for the first quarter driven by double-digit sales growth in the United States and China, AFP reported.
Net profit came out at 94 million euros ($122 million) in the period from January to March, as sales grew by 10 percent to 607 million euros "supported by growth in all regions," the firm said in a statement.
"We had a good start to the year again," said Claus-Dietrich Lahrs, Hugo Boss chairman.
The company confirmed its outlook for sales growth over the year of up to 10 percent.
The group expects to open around 50 new stores worldwide, it said.
In Europe, a nine-percent rise in sales was driven by "substantial" growth in Britain and Germany.
In the United States, sales were up 15 percent and "double-digit growth in China led to a nine-percent sales increase in Asia."