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HUGO BOSS Quarterly Statement for Q1 2021 Metzingen , May 5 , 2021 HUGO BOSS with solid start to the year as business recovery continues • Group sales decline limited to minus 8 % in Q1 , currency - adjusted • Ongoing strong dynamic in mainland China as sales almost double . Momentum in online business strongly accelerates with sales up 72 % Casualwear sales return to mid - single - digit growth Positive EBIT of EUR 1 million generated in Q1 ● " Despite ongoing implications of the pandemic , especially in Europe , we have seen a solid and promising start into the year , " says Yves Müller , Spokesperson of the Managing Board of HUGO BOSS AG . " I am particularly pleased by the further progress along our strategic growth drivers - Online , mainland China and casualwear - which have all seen momentum further accelerating . All this makes us confident for the remainder of the year as we expect both sales and EBIT to recover noticeably in the further course of 2021. " In the first quarter of 2021 , HUGO BOSS successfully continued its gradual business recovery , limiting the overall sales decline to 8 % , currency - adjusted . In Group currency , sales decreased 10 % to EUR 497 million ( Q1 2020 : EUR 555 million ) . While the negative implications of the COVID - 19 pandemic continued to weigh on key European markets , momentum further accelerated along the Company's strategic growth drivers - Online , mainland China and casualwear . In addition , sequential improvements in the important U.S. business as well as a robust performance of the Group's wholesale business contributed positively to the overall sales development in the first quarter . 1 HUGO BOSS AG Dieselstrasse 12 72555 Metzingen Germany Phone +49 7123 94-0