Samsonite International S.A. Announces Results for the Six Months Ended June 30, 2019
SAMSONITE INTL UNSP/ADR (SMSEY)
NASDAQ:AMEX Investor Relations:
samsonite.com/investors/home.do
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Source: PR Newswire
HONG KONG, Aug. 21, 2019 /PRNewswire/ -- Samsonite International S.A. ("Samsonite" or "the Company", together with its consolidated subsidiaries, "the Group"; SEHK stock code: 1910), the world's largest travel luggage company, today published its unaudited consolidated financial results for the six months ended June 30, 2019.OverviewCommenting on the results, Mr. Kyle Gendreau, Chief Executive Officer, said, "We are encouraged by our progress in the first half of 2019 as we continued to execute on our strategy to reposition the business for long-term growth and profitability. At the same time, we remain focused on navigating the macro-economic headwinds impacting our performance in certain markets, including the United States ("U.S."), which was affected by increased tariffs on products sourced from China and lower foreign tourist traffic, China's business-to-business ("B2B") market, South Korea and Chile." Excluding those four markets, the Group continued to achieve steady growth in
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