Samsonite International S.A. Announces Results for the Three Months Ended March 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, May 14, 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 three months ended March 31, 2019.Overview Commenting on the results, Mr. Kyle Gendreau, Chief Executive Officer, said, "As we indicated during our 2018 annual results presentation, economic headwinds have continued to impact a number of our key markets during the first quarter of 2019, particularly the United States ("U.S."), South Korea, Chile and the business-to-business market segment in China. Excluding these four markets, our net sales grew by a healthy 3.4%1, driven by a 4.4%1 increase in Asia (excluding South Korea and business-to-business sales in China) and a 2.3%1 growth in Europe."Mr. Gendreau added, "Overall, the Group's net sales decreased by 2.4%[1], during the three months ended
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