Samsonite International S.A. Announces Results for the Six Months Ended June 30, 2024
SAMSONITE INTL UNSP/ADR (SMSEY)
NASDAQ:AMEX Investor Relations:
samsonite.com/investors/home.do
Company Research
Source: PR Newswire
Consolidated net sales increased by 2.8%1 compared to a strong first half in 2023 Gross profit margin expanded by 140 basis points year-on-year to 60.2% and Adjusted EBITDA margin2 increased by 10 basis points to 18.9%, both first half recordsProfit attributable to the equity holders increased by 7.7% (+16.1% constant currency) year-on-year to US$164.3 millionGenerated strong Free Cash Flow3 of US$81.6 million, a year-on-year increase of US$18.2 million Total net leverage ratio4 further improved to 1.39x, the lowest level since the 2016 acquisition of TumiCompany to pursue a dual listing of its shares in the United StatesHONG KONG, Aug. 14, 2024 /PRNewswire/ -- Samsonite International S.A. ("Samsonite" or "the Company", together with its consolidated subsidiaries, "the Group"; SEHK stock code: 1910), a leader in the global lifestyle bag industry and the world's best-known and largest travel luggage company, today published its unaudited condensed consolidated interim financial informa
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