Dividend proposal of EUR 2.65 per share

HUGO BOSS pursues a profit-based dividend policy that allows the shareholders to participate appropriately in the Group’s earnings development. Between 60% and 80% of net income is to be paid to the shareholders on a regular basis. The Managing Board and the Supervisory Board intend to propose to the Annual Shareholders’ Meeting on May 3, 2018, a dividend of EUR 2.65 per share for the fiscal year 2017 (2016: EUR 2.60). The proposal is equivalent to a payout ratio of 79% of the consolidated net income attributable to the equity holders of the parent company in 2017 (2016: 93%). The proposed dividend takes account of the positive earnings development and strong growth in the free cash flow in 2017 in particular. Assuming that the shareholders approve the proposal, the dividend will be paid out on May 8, 2018. Based on the number of shares outstanding at year-end, the amount distributed will come to EUR 183 million (2016: EUR 179 million).