Capital expenditure

Capital expenditure (in EUR million)

In 2013, HUGO BOSS invested a record EUR 185 million

In the past fiscal year, HUGO BOSS invested a total of EUR 185 million in property, plant and equipment and intangible assets. Total investment thus increased by 12% year on year (2012: EUR 166 million). EUR 12 million is attributable to property, plant and equipment and intangible assets acquired in business combinations in fiscal year 2013. Notes to the consolidated financial statements, business combinations

Capital expenditure by functional area (in %)

Capital expenditure focuses on own retail business

Making up 61% of the total investment volume, the global expansion and modernization of the Group's own retail business continued to be the focal point of investment activity in the past fiscal year (2012: 54%). This is corresponds to an investment volume of EUR 113 million (2012: EUR 89 million).

Investment in new retail stores owned by the Group came to EUR 75 million in fiscal year 2013 (2012: EUR 51 million). In Europe, retail stores were opened in cities such as Stuttgart and Vienna, while flagship stores were opened in Moscow and Amsterdam. In the Americas, attractive locations were added to the portfolio in cities such as Boston, San Diego and Toronto. In Asia/Pacific, flagship stores were opened in Shanghai, Hong Kong and Tokyo.

Modernization of the New York flagship store on Columbus Circle

In the past fiscal year, EUR 38 million was invested worldwide in the renovation and modernization of existing retail locations (2012: EUR 39 million). Capital expenditure in the Americas should be noted in this context. There the flagship store on Columbus Circle in New York and the retail stores in Miami, Denver and Mexico City were renovated.

In 2013, investment in the production, logistics and distribution structure as well as in research and development amounted to EUR 41 million (2012: EUR 40 million). Of this amount, EUR 28 million was attributable to Distributionszentrum Vermietungsgesellschaft mbH & Co. Objekt HUGO BOSS Filderstadt KG, which was deconsolidated on June 30, 2013.

Investment in administration came to EUR 32 million in the past fiscal year (2012: EUR 36 million). This includes investment in IT infrastructure amounting to EUR 16 million as well as investment of EUR 7 million for an administration building in Metzingen.

The accumulated amortization and depreciation on property, plant and equipment and intangible assets taking into account own work capitalized totaled EUR 603 million (2012: EUR 545 million). Notes to the consolidated financial statements, Note 11 and Note 12

Obligations from investment projects that have commenced amounted to EUR 2 million as of December 31, 2013 (December 31, 2012: EUR 77 million). Notes to the consolidated financial statements, Note 32

Capital expenditure by region (in %)