Samsonite International S.A. Announces Results for the Three Month Period Ended March 31, 2024
SAMSONITE INTL UNSP/ADR (SMSEY)
NASDAQ:AMEX Investor Relations:
samsonite.com/investors/home.do
Company Research
Source: PR Newswire
First quarter 2024 consolidated net sales increased by 4.1%1 year-on-year driven by growth in AsiaContinued expansion in gross profit margin and Adjusted EBITDA margin2 during the three months ended March 31, 2024Continued balance sheet deleveraging, driven by strong profit growth and Free Cash Flow3 with net leverage ratio4 at lowest level since 2016 acquisition of TumiHONG KONG, May 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 consolidated financial results for the three-month period ended March 31, 2024.OverviewCommenting on the results, Mr. Kyle Gendreau, Chief Executive Officer, said, "We are very pleased with Samsonite's performance in the first quarter of 2024. Last year was an exceptionally strong year during which our n
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