German fashion house Hugo Boss on Thursday said it expected 2023 sales to grow at a mid-single-digit percentage rate, slower than last year even as it sees sales improving in the Asia and Pacific region.

It forecast operating profit (EBIT) growth of between 5% and 12% to a level of 350 million to 375 million euros ($369.18 million to 395.55 million), ahead of the 335 million euros it reported for 2022. Analysts had expected an EBIT of 360 million euros for 2023.

Hugo Boss had pre-released its annual results in January, with sales rising 27% to 3.65 billion euros driven by its 2022 brand revamp. ($1 = 0.9480 euros) (Reporting by Linda Pasquini and Anastasiia Kozlova in Gdansk; Editing by Milla Nissi)