Solid Second Quarter Performance
Group sales increased by 1% to just over EUR 1 billion, marking an improvement compared to Q1 when sales were down by 2%. EBIT rose by 15% to EUR 81 million, with an EBIT margin increase of 120 basis points to 8.1%.
Strong Performance of BOSS Menswear
Revenues at BOSS Menswear increased by 5% in Q2, driven by the successful launch of the Beckham x BOSS collection, which outperformed previous collaborations on social media.
Growth in EMEA and Americas Regions
Sales in the EMEA region increased by 3% year-over-year, and revenues in the Americas grew by 2%, indicating a return to growth following a softer start to the year.
Digital Business Growth
Digital sales grew by 7%, primarily driven by stronger digital sales through partners, demonstrating continued growth in the digital segment.
Strict Cost Management
Operating expenses were reduced by 3% year-over-year, resulting in strong cost leverage of 120 basis points. EBIT margin improved to 8.1%.