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SAMSONITE INTL UNSP/ADR - $SMSEY STOCK NEWS

Welcome to our dedicated page for SAMSONITE INTL UNSP/ADR news (Ticker: $SMSEY), a resource for investors and traders seeking the latest updates and insights on SAMSONITE INTL UNSP/ADR stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SAMSONITE INTL UNSP/ADR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SAMSONITE INTL UNSP/ADR's position in the market.

News
Rhea-AI Summary
Samsonite International S.A. plans to pursue a dual listing on a second leading stock exchange to enhance shareholder value. The company reported strong financial results for 2023 with double-digit net sales growth and record profit margins. CEO Kyle Gendreau aims to leverage investor support and expand globally, focusing on the Asian market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.43%
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none
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Rhea-AI Summary
Samsonite International S.A. reports a 30.4% increase in consolidated net sales year-on-year, driven by growth in all regions and core brands. The company also saw significant expansion in gross profit margin and Adjusted EBITDA margin in 2023, with a focus on the Asia region and Tumi brand. Samsonite continued to reduce its debt levels, achieving the lowest net leverage ratio since 2016.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
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none
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Rhea-AI Summary
Samsonite International S.A. (SEHK:1910) reports a 21.2% increase in consolidated net sales for Q3 2023, driven by growth in all core brands and regions, with significant expansion in gross profit and Adjusted EBITDA margin. The company's strong profits and Free Cash Flow enabled continued balance sheet deleveraging, resulting in the lowest net leverage ratio since the acquisition of Tumi in 2016.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.32%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
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none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
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none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.47%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.79%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.72%
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none
SAMSONITE INTL UNSP/ADR

OTC:SMSEY

SMSEY Rankings

SMSEY Stock Data

5.44B
1.39B
0.05%
Hosiery and Sock Mills
Manufacturing
Link
United States of America
13 15 Avenue De La Liberte