Samsonite International S.A. Announces Final Results for the Year Ended December 31, 2019
SAMSONITE INTL UNSP/ADR (SMSEY)
NASDAQ:AMEX Investor Relations:
samsonite.com/investors/home.do
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Source: PR Newswire
HONG KONG, March 18, 2020 /PRNewswire/ -- Samsonite International S.A. ("Samsonite" or "the Company", together with its consolidated subsidiaries, "the Group"; SEHK stock code: 1910), the world's best-known and largest lifestyle bag and travel luggage company, today announced its final results for the year ended December 31, 2019 ("2019").OverviewCommenting on the results, Mr. Kyle Gendreau, Chief Executive Officer, said, "In 2019, we continued to make steady progress in repositioning Samsonite for sustained growth and improved profitability, while navigating sales and margin pressures in some of our key markets. We are pleased with the improvements we achieved in controlling costs, managing working capital, generating cash flow and deleveraging our balance sheet. These improvements, along with our dedicated teams, strong brands, global scale and diversified sourcing base and supply chain strengthen Samsonite's resilience in the face of challenging headwinds and provide us with the ca
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