Annual Report 2023

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Results

Comparative Presentation of Compensation and Earnings Development

The following comparative presentation shows the annual change in the compensation awarded and due to current and former members of the Managing Board and Supervisory Board, the Company’s earnings development (in terms of sales, EBIT, the Group’s net income, and net income of HUGO BOSS AG) and the compensation of employees on a full-time equivalent basis, the latter being based on the average wages and salaries of HUGO BOSS employees throughout the Group in the respective fiscal year.

Comparative information – Managing Board and Supervisory Board compensation in comparison with employee compensation and earnings development

Annual change in %

 

2023 vs. 2022

 

2022 vs. 2021

 

2021 vs. 2020

 

2020 vs. 2019

 

2019 vs. 2018

Key earnings figures

 

 

 

 

 

 

 

 

 

 

Group sales

 

15

 

31

 

43

 

(33)

 

3

Group’s operating result (EBIT)

 

22

 

47

 

197

 

(169)

 

(1)

Group´s net income

 

22

 

54

 

166

 

(207)

 

(13)

Net income of HUGO BOSS AG

 

54

 

41

 

163

 

(191)

 

(14)

 

 

 

 

 

 

 

 

 

 

 

Employee compensation1

 

 

 

 

 

 

 

 

 

 

Employees HUGO BOSS Group

 

(1)2

 

143

 

9

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

Compensation of the Managing Board

 

 

 

 

 

 

 

 

 

 

Members of the Managing Board
as of December 31, 2023

 

 

 

 

 

 

 

 

 

 

Daniel Grieder (Chairman since 06/2021)

 

(18)

 

81

 

–

 

–

 

–

Yves Müller (since 12/2017; Spokesperson of the Managing Board from 07/2020 until 05/2021)

 

44

 

(1)

 

70

 

7

 

(27)

Oliver Timm (since 01/2021)

 

(16)

 

(8)

 

–

 

–

 

–

Former members of the Managing Board

 

 

 

 

 

 

 

 

 

 

Dr. Heiko Schäfer (from 03/2020 until 05/2022)

 

(49)

 

(15)

 

59

 

–

 

–

Ingo Wilts (from 08/2016 until 02/2022)

 

(13)

 

16

 

36

 

1

 

(25)

Mark Langer (Chairman from 05/2016 until 07/2020, Ordinary member from 01/2010 until 05/2016)

 

(12)

 

(12)

 

24

 

(46)

 

(27)

Bernd Hake (from 03/2016 until 07/2019)

 

-

 

–

 

–

 

(48)

 

(81)

Christoph Auhagen (from 12/2009 until 04/2016)

 

-

 

–

 

–

 

–

 

–

Claus-Dietrich Lahrs (Chairman from 08/2008 until 02/2016)

 

-

 

–

 

–

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

Compensation of the Supervisory Board

 

 

 

 

 

 

 

 

 

 

Members of the Supervisory Board
as of December 31, 2023

 

 

 

 

 

 

 

 

 

 

Hermann Waldemer (since 05/2015; Chairman since 05/2020)

 

0

 

0

 

57

 

47

 

(18)

Sinan Piskin (since 11/2008; Deputy Chairman since 05/2020)

 

0

 

0

 

62

 

37

 

(18)

Iris Epple-Righi (since 05/2020)

 

0

 

0

 

99

 

–

 

–

Andreas Flach (since 05/2023)

 

-

 

–

 

–

 

–

 

–

Katharina Herzog (since 05/2020)

 

0

 

0

 

99

 

–

 

–

Daniela Liburdi (since 05/2023)

 

-

 

–

 

–

 

–

 

–

Gaetano Marzotto (since 02/2010)

 

0

 

0

 

80

 

81

 

(18)

Luca Marzotto (since 02/2010)

 

0

 

0

 

45

 

(7)

 

(18)

Tanja Silvana Nitschke (since 05/2015)

 

0

 

0

 

68

 

64

 

(18)

Christina Rosenberg (since 05/2020)

 

0

 

0

 

106

 

–

 

–

Bernd Simbeck (since 09/2021)

 

0

 

198

 

–

 

–

 

–

Robin J. Stalker (since 05/2020)

 

0

 

0

 

96

 

–

 

–

Former members of the Supervisory Board

 

 

 

 

 

 

 

 

 

 

Antonio Simina (until 08/2021, Deputy Chairman until 05/2020)

 

-

 

–

 

(16)

 

(44)

 

(22)

Anita Kessel (until 05/2023)

 

(65)

 

0

 

49

 

(8)

 

(18)

Kirsten Kistermann-Christophe (until 05/2020)

 

-

 

–

 

–

 

(75)

 

(18)

Fridolin Klumpp (until 05/2020)

 

-

 

–

 

–

 

(75)

 

(18)

Michel Perraudin (Chairman until 05/2020)

 

-

 

–

 

–

 

(72)

 

(15)

Axel Salzmann (until 05/2020)

 

-

 

–

 

–

 

(75)

 

(18)

Martin Sambeth (until 05/2023)

 

(65)

 

0

 

73

 

59

 

(18)

1

In accordance with Sec. 26J (2) sentence 2 EGAktG [“Einführungsgesetz zum Aktiengesetz”: German Introductory Act to the Stock Corporation Act], a comparison of the average employee compensation on a full-time equivalent basis over the last five fiscal years in pursuant to Sec. 162(1) sentence 2 No. 2 AktG is not yet to be included in the compensation report.

2

In absolute terms, the Group-wide average compensation of employees on a full-time equivalent basis remained broadly stable in fiscal year 2023, amounting to EUR 52 thousand (2022: EUR 52 thousand), as salary increases were broadly offset by lower bonus payments and currency effects.

3

The increase largely reflected salary increases against the backdrop of the high level of global inflation, measures implemented in fiscal year 2021 in connection with COVID-19 to reduce working hours and personnel costs, as well as currency effects.