Hugo Boss rises on Q1 beat, despite Middle East tensions

Hugo Boss AG

05/05/2026 08:26

Updates share move, adds analyst comments and milestone

** Shares in Hugo Boss BOSSn.DE rise over 4% after the German fashion group reported quarterly results above market expectations, even as geopolitical tensions weighed

** Hugo Boss posts Q1 EBIT of 35 million euros ($40.9 million), down from 61 million euros a year earlier, but above analysts' forecast of 30 million euros in a company-provided poll

** Its Q1 revenue was 905 million euros in the period, exceeding analysts' estimate of 887 million euros

** Hugo Boss CEO said the market environment has become more challenging over the course of the first quarter, caused by recent developments in the Middle East

** "Given the very light stock positioning and gross margin beat, we would anticipate a positive reaction first thing this morning," J.P. Morgan says

** Deutsche Bank says the quarterly report is a decent start to the year, adding the outcome today should be reassuring

** The company confirms its annual outlook

** The stock, which have risen 1.85% YTD including today's session, is among the best performers of Germany's mid-cap index

 .MDAXI

($1 = 0.8561 euros)

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))