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Samsonite International S.A. (SMSEY) maintains its leadership in global travel solutions through continuous innovation and strategic market execution. This news hub provides investors and industry observers with direct access to official announcements, financial disclosures, and operational developments.
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For stakeholders monitoring SMSEY's performance across 100+ countries, this resource offers timely updates on retail expansion strategies, material innovation breakthroughs, and corporate responsibility programs. Bookmark this page for structured access to information driving investment decisions in the travel goods sector.
Samsonite International S.A. reported a strong financial recovery for the year ended December 31, 2022, with consolidated net sales of US$2,879.6 million, reflecting a 52.3% increase compared to 2021.
Despite a 10.4% decline in net sales compared to 2019, Adjusted EBITDA surpassed 2019 levels by 7%, driven by effective cost management and a rebound in travel demand. The Group's net debt was reduced to US$1.4 billion with substantial liquidity of US$1.5 billion.
Strong regional performance, especially in North America and Europe, contributed to significant growth, with net sales in the first two months of 2023 rising by 60.2% year-on-year, indicating continued momentum.
Samsonite International S.A. reported strong financial recovery in Q3 2022, with net sales climbing 54.7% to US$790.9 million, surpassing pre-COVID levels by 0.6% when excluding Russia and Speck. Adjusted EBITDA reached US$134.1 million, an 85.6% increase year-on-year, reflecting better consumer demand as travel rebounds. The gross margin remained stable at 55.0%. However, challenges persist in China due to ongoing lockdowns. Total liquidity was US$1.4 billion, and net debt was US$1.4 billion, indicating improved cash flow and debt management.
Samsonite reported strong financial results for the six months ending June 30, 2022, achieving consolidated net sales of US$1,270.2 million, a 75.3% increase year-on-year (excluding Russia and Speck). The second quarter alone saw a remarkable 66.4% year-on-year sales growth. The company improved its gross margin to 56.5% and generated positive Adjusted EBITDA of US$195.6 million, contrasting with a loss in the previous year. However, net sales remain 20.4% lower than pre-pandemic levels of 2019, with ongoing challenges in the Chinese market noted.
Samsonite International S.A. reported a robust start to 2022, with net sales climbing to US$573.6 million, a 74.9% year-on-year increase. Core brands Samsonite, Tumi, and American Tourister demonstrated significant growth, rising by 87.9%, 61.1%, and 89.6% respectively. Despite challenges from COVID-19 and shipping delays, Adjusted EBITDA improved to US$73.2 million. The company also prepaid US$200 million of debt, maintaining liquidity of US$1.4 billion. However, net sales decreased 25.2% compared to the first quarter of 2019.
Samsonite International reported strong financial results for 2021, with net sales reaching US$2,020.8 million, a 35.1% year-on-year increase. The fourth quarter showed net sales of US$664.1 million, significantly up from the prior quarter. Adjusted EBITDA improved to US$182.3 million for the full year, recovering from a loss in 2020. Notably, North America and Latin America saw the fastest recovery, achieving year-on-year net sales increases of 47.0% and 49.3%, respectively. The Group's gross profit margin rose to 54.5%. However, geopolitical issues and shipping delays pose ongoing challenges.
Samsonite International S.A. reported its unaudited financial results for Q3 2021, showing a strong recovery with net sales of US$557.1 million, up 68.9% year-on-year. Gross margin improved to 55.5%, while Adjusted EBITDA reached US$72.2 million, a significant rise from US$11.5 million in Q2 2021. Adjusted Net Income was US$8.7 million, marking the first positive quarter since Q4 2019. Despite ongoing challenges from COVID-19, Samsonite is well-positioned for growth as travel restrictions ease globally, benefiting from a substantial liquidity of US$1.3 billion.
Samsonite reported its financial results for the first half of 2021, showing a net sales figure of US$799.5 million, a decline of 3.2% year-on-year, and 54.6% from the first half of 2019. In the second quarter, net sales improved, decreasing by 52.2% compared to 2019, marking a recovery from a 57.3% decline in Q1. The company achieved positive Adjusted EBITDA of US$11.5 million in Q2, up significantly from a loss of US$127.8 million in Q2 2020. Despite ongoing challenges from COVID-19, liquidity stood strong at US$1,185 million, aided by cost-cutting measures and improved gross margins.
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