Hugo Boss said on Tuesday that it had exceeded its full year sales targets after fourth quarter earnings helped propel the German fashion house back to nearly pre-pandemic levels.

The company said revenue rose 43 percent in 2021 to €2.786 billion ($3.17 billion), on a preliminary basis after adjusting for currency effects. That brings revenue to only 1 percent below its 2019 result of €2.884 billion.

The company had raised its outlook in October, predicting sales to grow by about 40 percent on a currency-adjusted level, on the back of strong demand in Europe and the Americas.

Operating profit (EBIT) for 2021 is now seen at €228 million. In October, it was raised to €175 million to €200 million, compared with a previous forecast for €125 million to €175 million.

Fourth quarter sales stood at €906 million, up 55 percent from the year before, Hugo Boss said.

The full balance sheet will be published on March 10.

By Miranda Murray; Editor: Madeline Chambers

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