FRANKFURT: German fashion house Hugo Boss said it would not meet its target of 750 million euros ($1 billion) in core operating profit in 2015 due to slower than expected growth in China and Europe.
The company maintained a target to reach sales of 3 billion euros in 2015 but said it would no longer be able to reach a 25 percent EBITDA margin - earnings before interest, tax, depreciation and amortisation as a percentage of sales.
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