Capital Expenditure

In fiscal year 2024, HUGO BOSS invested EUR 286 million in property, plant, and equipment, and intangible assets, representing a decrease of 4% as compared to the prior year (2023: EUR 298 million). This development mainly reflects our successes in driving CapEx efficiency by prioritizing strategically relevant investments. In this context, we continued to invest in key initiatives and projects, including our global distribution network, the further digitalization of our business model, and the expansion of our logistics capacities and headquarters.

HUGO BOSS is committed to providing a superior shopping experience and a best-in-class omnichannel journey to consumers all around the globe. Our own retail business plays a key role in this context. Consequently, we are putting strong emphasis on the ongoing optimization and modernization of our global store network. Our innovative store concepts are intended to make a significant contribution in upgrading our points of sale and enhancing customer engagement. At the end of 2024, the majority of our freestanding BOSS and HUGO stores were already comprehensively refreshed or equipped with the latest store concepts. Reflecting our strategic emphasis on prime retail destinations, capital expenditure on our own retail network amounted to EUR 129 million in fiscal year 2024, thus modestly below the prior-year level (2023: EUR 157 million). As part of this, investments in the continuous optimization and modernization of existing locations totaled EUR 82 million (2023: EUR 118 million), while we spent EUR 47 million on the selective opening of new retail points of sale (2023: EUR 40 million), including new BOSS stores in Düsseldorf and Shanghai. Consumer Touchpoints

Capital expenditure on administration amounted to EUR 117 million in the past fiscal year (2023: EUR 88 million). This includes investments of EUR 62 million in our global IT infrastructure (2023: EUR 55 million), emphasizing our strategic claim “Lead in Digital.” These investments mainly supported the further digitalization of our business model, including key initiatives of our Digital Campus and the Company-wide rollout of our next-generation ERP system as part of a multiyear project. At the same time, EUR 54 million was allocated to capital expenditure in buildings (2023: EUR 33 million). This mainly includes ongoing investments into the expansion of our distribution center for flat-packed goods located in proximity to the Company’s headquarters, the further expansion of our Group’s campus in Metzingen (Germany), as well as the opening of our latest showroom in Düsseldorf (Germany). Finally, other capital expenditure on production, distribution, and research and development amounted to EUR 40 million in 2024 and was thus below the prior-year level (2023: EUR 53 million). Group Strategy, “Lead in Digital,” “Organize for Growth,” Business Operations

Accumulated depreciation and amortization on property, plant, and equipment, and intangible assets, including own capitalized cost, totaled EUR 1,321 million in fiscal year 2024 (2023: EUR 1,204 million). Existing obligations from investment projects amounted to EUR 18 million as of December 31, 2024 (December 31, 2023: EUR 33 million), mainly relating to the ongoing expansion of our Group’s headquarters in Metzingen (Germany). Notes to the Consolidated Financial Statements, Note 8