Subsequent events and outlook

HUGO BOSS expects to continue its growth trajectory and post a moderate rise in sales in 2016. The ongoing implementation of the Group strategy combined with the initiatives derived from this will secure the company's profitable growth in the medium to long term. Group sales should increase in 2016 on the back of growth in Europe. The challenging market environment, especially in China and the United States, and the continued investments in the Group's growth potential will depress earnings, however.