Samsonite Group S.A. Announces Interim Results for the Six Months Ended June 30, 2025
Samsonite Group (SMSEY) reported challenging Q2 2025 results with consolidated net sales of US$865.0 million, down 4.8% year-over-year. For H1 2025, net sales decreased 6.0% to US$1,661.7 million, while maintaining a robust gross profit margin of 59.2% and adjusted EBITDA margin of 16.2%.
The company's premium brands showed resilience, with TUMI sales declining only 2.5% and Samsonite down 4.7%, while the value-oriented American Tourister experienced a steeper 12.7% decline. The direct-to-consumer channel demonstrated strength with only a 1.6% decrease, now representing 39.6% of total sales.
Despite market challenges, Samsonite maintained substantial liquidity of US$1.4 billion and continues strategic investments in product innovation and retail expansion, adding 57 net new company-operated stores over the past year. The company is preparing for a potential U.S. dual listing while monitoring market conditions.
Samsonite Group (SMSEY) ha riportato un secondo trimestre 2025 difficile con ricavi consolidati di US$865.0 million, in calo del 4,8% rispetto all'anno precedente. Nei primi sei mesi del 2025 i ricavi netti sono diminuiti del 6,0% a US$1,661.7 million, mantenendo però un solido margine di profitto lordo del 59,2% e un margine adjusted EBITDA del 16,2%.
I marchi premium hanno mostrato resilienza: le vendite di TUMI sono calate solo del 2,5% e quelle di Samsonite del 4,7%, mentre il brand orientato al valore American Tourister ha registrato un calo più marcato del 12,7%. Il canale diretto al consumatore ha evidenziato forza con una diminuzione di appena l'1,6%, rappresentando ora il 39.6% delle vendite totali.
Nonostante le difficoltà di mercato, Samsonite ha mantenuto una liquidità rilevante di US$1.4 billion e continua ad investire strategicamente in innovazione di prodotto e nell'espansione retail, aggiungendo 57 negozi operativi netti nell'ultimo anno. La società si sta preparando a una possibile doppia quotazione negli Stati Uniti, monitorando però le condizioni di mercato.
Samsonite Group (SMSEY) presentó un segundo trimestre de 2025 complicado, con ventas netas consolidadas de US$865.0 million, una caída del 4.8% interanual. En el primer semestre de 2025 las ventas netas disminuyeron un 6.0% hasta US$1,661.7 million, manteniendo un sólido margen bruto del 59.2% y un margen adjusted EBITDA del 16.2%.
Las marcas premium mostraron resiliencia: las ventas de TUMI cayeron solo un 2.5% y las de Samsonite un 4.7%, mientras que la marca orientada al valor American Tourister sufrió una caída más pronunciada del 12.7%. El canal directo al consumidor mostró fortaleza con una disminución de apenas el 1.6%, representando ahora el 39.6% de las ventas totales.
A pesar de los retos del mercado, Samsonite mantuvo una liquidez significativa de US$1.4 billion y sigue invirtiendo estratégicamente en innovación de producto y en la expansión minorista, añadiendo 57 tiendas operadas por la compañía netas en el último año. La empresa se está preparando para una posible cotización dual en EE. UU. mientras vigila las condiciones del mercado.
Samsonite Group (SMSEY)는 2025년 2분기에 도전적인 실적을 보고했으며, 연결 순매출은 US$865.0 million로 전년 동기 대비 4.8% 감소했습니다. 2025년 상반기 매출은 US$1,661.7 million으로 6.0% 줄었지만, 매출총이익률은 59.2%, 조정 EBITDA 마진은 16.2%로 견조함을 유지했습니다.
프리미엄 브랜드는 상대적으로 탄력적이어서 TUMI 매출은 단지 2.5% 감소했고 Samsonite는 4.7% 감소한 반면, 가성비 브랜드 American Tourister는 12.7%로 하락폭이 더 컸습니다. 직접 판매(Direct-to-Consumer) 채널은 단지 1.6% 감소에 그치며 전체 매출의 39.6%를 차지하고 있습니다.
시장 여건이 어려움에도 불구하고 Samsonite는 US$1.4 billion의 충분한 유동성을 유지하고 있으며, 제품 혁신과 소매 확장에 전략적으로 투자해 지난 1년간 순 57개의 직영점을 추가했습니다. 회사는 미국에서의 잠재적 이중 상장을 준비하는 한편 시장 상황을 주시하고 있습니다.
Samsonite Group (SMSEY) a publié des résultats difficiles pour le 2e trimestre 2025, avec des ventes nettes consolidées de US$865.0 million, en baisse de 4,8% en glissement annuel. Sur le premier semestre 2025, les ventes nettes ont reculé de 6,0% pour atteindre US$1,661.7 million, tout en maintenant une marge brute solide de 59,2% et une marge EBITDA ajustée de 16,2%.
Les marques premium ont fait preuve de résilience : les ventes de TUMI n'ont diminué que de 2,5% et celles de Samsonite de 4,7%, tandis que la marque grand public American Tourister a subi une baisse plus marquée de 12,7%. Le canal direct au consommateur a montré sa solidité avec une baisse de seulement 1,6%, représentant désormais 39.6% des ventes totales.
Malgré les défis du marché, Samsonite a conservé une liquidité importante de US$1.4 billion et continue d'investir stratégiquement dans l'innovation produit et l'expansion de son réseau commercial, ajoutant 57 magasins exploités par le groupe nets au cours de l'année écoulée. La société se prépare à une possible double cotation aux États-Unis tout en surveillant l'évolution des conditions de marché.
Samsonite Group (SMSEY) meldete herausfordernde Zahlen für Q2 2025: Der konsolidierte Nettoumsatz belief sich auf US$865.0 million, ein Rückgang von 4,8% gegenüber dem Vorjahr. Für das erste Halbjahr 2025 sank der Nettoumsatz um 6,0% auf US$1,661.7 million, wobei die Bruttogewinnmarge mit 59,2% und die bereinigte EBITDA-Marge mit 16,2% robust blieben.
Die Premiummarken zeigten sich widerstandsfähig: TUMI-Verkäufe fielen nur um 2,5%, Samsonite um 4,7%, während die preisorientierte Marke American Tourister einen stärkeren Rückgang von 12,7% verzeichnete. Der Direktvertrieb blieb relativ stabil und verzeichnete lediglich einen Rückgang von 1,6%, womit er nun 39.6% des Gesamtumsatzes ausmacht.
Trotz der Marktprobleme hielt Samsonite eine erhebliche Liquidität von US$1.4 billion und investiert weiterhin strategisch in Produktinnovation und den Ausbau des Retail-Geschäfts; im vergangenen Jahr wurden netto 57 neue, konzerngeführte Filialen eröffnet. Das Unternehmen bereitet sich auf eine mögliche doppelte Notierung in den USA vor und beobachtet die Marktbedingungen.
- Maintained robust gross profit margin of 59.2%, up 320 basis points from 2019
- DTC channel showed resilience with only 1.6% decline, now 39.6% of total sales
- Premium brands TUMI (-2.5%) and Samsonite (-4.7%) demonstrated stronger performance
- Added 57 net new company-operated retail stores in 12 months
- Maintained substantial liquidity of US$1.4 billion
- Non-travel product category showed resilience with 0.1% growth
- Gregory brand achieved 14.7% growth in H1 2025
- Q2 2025 net sales declined 4.8% to US$865.0 million
- H1 2025 net sales decreased 6.0% to US$1,661.7 million
- Wholesale channel sales dropped 7.4% due to cautious purchasing
- American Tourister brand sales declined significantly by 12.7%
- Adjusted EBITDA decreased by US$64.8 million to US$268.7 million
- Adjusted free cash flow declined to US$11.5 million from US$81.6 million
- Net debt increased to US$1.2 billion from US$1.0 billion year-over-year
For the second quarter ended June 30, 2025: Consolidated net sales were
Achieved gross profit margin of
For the first half ended June 30, 2025: Consolidated net sales were
Delivered gross profit margin of
Maintained substantial liquidity3 of
Unless otherwise stated, all net sales growth rates are presented on a constant currency basis1.
Overview
Commenting on the results, Mr. Kyle Gendreau, Chief Executive Officer, said, "Samsonite Group delivered results in line with our expectations for the first half of 2025 despite a challenging macroeconomic backdrop. While we believe consumers continue to prioritize travel and experiences, we observed a softening in travel demand during the first half of 2025, influenced by macroeconomic uncertainty, shifting trade policies, and weakening consumer sentiment. We expect these trends to continue in the second half of 2025, impacting near-term demand, but we remain confident in longer-term travel tailwinds supporting the business. We continue to strategically invest in our business to position Samsonite Group for strong, sustainable long-term growth, while maintaining strict discipline over our overall cost structure."
We significantly benefited from the unprecedented "revenge travel" boom of 2021 to 2023, a period during which the recovery of our business significantly outpaced the market. From 2021 to 2024 our reported net sales grew at a CAGR that was approximately six times that of the overall luggage and bags industry4, 5. Our recent net sales trends have diverged from the broader travel industry growth, reflecting a normalization from the "revenge travel" surge as well as softer consumer sentiment due to ongoing macroeconomic pressures. That said, Samsonite Group's net sales performance in the second quarter of 2025 was generally consistent with our outlook, while our gross profit margin and adjusted EBITDA margin2 remained stable compared to the first quarter of 2025, a tribute to our nimble, focused and disciplined teams around the world.
For the six months ended June 30, 2025, Samsonite Group reported net sales of
The period-over-period decrease in net sales for the first half 2025 was due primarily to a
Our premium brands, TUMI and Samsonite, demonstrated greater resilience compared to our value-oriented American Tourister brand, as middle- to upper-income consumers continued to prioritize travel and our high-quality branded products. Net sales of the TUMI brand decreased by
We believe there is a significant long-term opportunity to encourage consumers to trade up from low-price, unbranded products to our American Tourister brand. That said, in the current environment, American Tourister, with its significant wholesale presence and appeal to a more price-sensitive consumer, experienced a greater impact from softer consumer sentiment. Additionally, we have observed an increased presence of low-price, unbranded competitors, though we chose not to compete in that market in order to protect the profitability and positioning of American Tourister. American Tourister brand net sales decreased by
The non-travel product category7, which represents a significant long-term growth opportunity in an underpenetrated category of our business, also demonstrated greater resilience. Net sales for the first half of 2025 increased by
Our gross profit margin remained robust at
We continued to strategically invest in our business, particularly in product innovation, our DTC presence and marketing initiatives, while maintaining strict discipline over our overall cost structure. We continue to focus on remaining at the forefront of creating innovative and exciting products that we believe will drive demand and elevate our market leadership position. We had several strong and exciting product launches in the first half of 2025 and have more coming in the second half of 2025, such as our 2025 Red Dot Design Award winning Samsonite PARALUX collection in the third quarter of 2025. We believe these investments are critical in positioning our business for strong, sustainable long-term growth in a dynamic market environment.
We continued to invest in the strategic expansion of our retail store fleet to enhance brand presence, capture new market opportunities, and ensure a stronger physical footprint for future growth, particularly for our underpenetrated TUMI brand in
To drive our brands' long-term success requires sustained investment, particularly in marketing. Our global scale allows us to make consistent and substantial investments in marketing to drive growth. This also gives us the flexibility to pull back temporarily and protect our profitability when faced with short-term challenges. We adjusted advertising investments to appropriate levels in light of softer consumer sentiment, spending
For the six months ended June 30, 2025, Samsonite Group reported adjusted EBITDA8 of
Our balance sheet remained healthy and well positioned for long-term growth. We have significantly deleveraged the business over the past few years, and our financial discipline and operational agility have enabled Samsonite Group to generate cash despite challenging market conditions. Adjusted free cash flow9 was
Net debt was
We are advancing consumer-facing communications on "Our Responsible Journey" sustainability initiatives. We believe durability, repairability and recycled materials are what consumers care most about when it comes to the sustainability of luggage and bags, and we have developed new messaging for the Samsonite, TUMI and American Tourister brands to more clearly convey our commitment to these areas of consumer focus.
Mr. Gendreau continued, "While we remain confident in longer-term travel tailwinds supporting the business, the current macroeconomic environment is uncertain with shifting trade policies and softer global consumer confidence which are impacting near-term demand and make it more difficult to predict the second half of 2025."
Although we expect net sales for the third quarter of 2025 will benefit from expected continued growth in global travel demand and comparing against a soft demand environment in the third quarter of 2024, we anticipate consumer sentiment to remain muted. This is due in part to ongoing trade policy uncertainties, along with inflationary pressures, which may further impact consumer demand. We believe there is potential for some level of sequential net sales improvement in the third quarter of 2025 relative to the second quarter of 2025, although the economic environment and consumer demand remain challenging to predict.
Preparations for a potential dual listing of the Company's securities in
Mr. Gendreau concluded, "Our teams are highly energized, and we continue to follow our long-standing guiding principle to "Do unto others as you would have them do unto you" and treat our customers, employees, suppliers and investors with fairness and respect. As we live up to these core values and leverage our portfolio of leading brands, unrivalled global sourcing and distribution infrastructure, and commitment to sustainability and innovation, we strive to further strengthen Samsonite Group's market position and drive sustainable and profitable long-term growth."
Table 1: Key Financial Highlights for the Second Quarter Ended June 30, 2025
Expressed in US$ millions, except per share data | Three months ended | Three months ended as adjusted12 | Percentage increase (decrease) |
Net sales | 865.0 | 908.9 | (4.8) % |
Gross profit | 510.7 | 545.4 | (6.4) % |
Gross profit margin | 59.0 % | 60.0 % | |
Operating profit | 128.8 | 164.9 | (21.9) % |
Profit for the period12 | 74.8 | 92.7 | (19.2) % |
Profit attributable to the equity holders12 | 70.1 | 85.5 | (18.1) % |
Adjusted net income13 | 71.4 | 86.9 | (17.8) % |
Adjusted EBITDA8 | 141.1 | 172.3 | (18.1) % |
Adjusted EBITDA margin2 | 16.3 % | 19.0 % | |
Basic earnings per share12 – Expressed in US$ per share | 0.051 | 0.059 | (13.5) % |
Diluted earnings per share12 – Expressed in US$ per share | 0.050 | 0.058 | (12.8) % |
Adjusted basic earnings per share14 – Expressed in US$ per share | 0.052 | 0.059 | (13.2) % |
Adjusted diluted earnings per share14 – Expressed in US$ per share | 0.051 | 0.059 | (12.5) % |
Results Highlights for the Second Quarter Ended June 30, 2025
For the three months ended June 30, 2025, the Company recorded net sales of
For the second quarter of 2025, net sales in
During the second quarter of 2025, net sales in
Net sales in
Net sales in
During the second quarter of 2025, net sales of the Samsonite brand decreased by
During the second quarter of 2025, net sales of the TUMI brand decreased by
During the second quarter of 2025, net sales of the American Tourister brand decreased by
Net sales in the Company's wholesale channel6 decreased by
For the three months ended June 30, 2025, the Company's net sales in the DTC channel decreased by
The Company's gross profit decreased by
Distribution expenses increased by
The Company spent
General and administrative expenses decreased by
For the three months ended June 30, 2025, the Company recorded adjusted EBITDA8 of
Table 2: Key Financial Highlights for the Six Months Ended June 30, 2025
Expressed in US$ millions, except per share data | Six months ended | Six months ended as adjusted12 | Percentage increase (decrease) |
Net sales | 1,661.7 | 1,768.5 | (6.0) % |
Gross profit | 983.8 | 1,064.8 | (7.6) % |
Gross profit margin | 59.2 % | 60.2 % | |
Operating profit | 238.4 | 314.7 | (24.2) % |
Profit for the period12 | 130.0 | 184.2 | (29.4) % |
Profit attributable to the equity holders12 | 118.2 | 169.4 | (30.2) % |
Adjusted net income13 | 123.4 | 174.0 | (29.1) % |
Adjusted EBITDA8 | 268.7 | 333.5 | (19.4) % |
Adjusted EBITDA margin2 | 16.2 % | 18.9 % | |
Basic earnings per share12 – Expressed in US$ per share | 0.085 | 0.116 | (26.8) % |
Diluted earnings per share12 – Expressed in US$ per share | 0.085 | 0.115 | (26.4) % |
Adjusted basic earnings per share14 – Expressed in US$ per share | 0.089 | 0.119 | (25.6) % |
Adjusted diluted earnings per share14 – Expressed in US$ per share | 0.088 | 0.118 | (25.2) % |
Results for the Six Months Ended June 30, 2025
The Company's performance for the six months ended June 30, 2025, is discussed in greater detail below. Unless otherwise stated, all net sales growth rates are presented on a constant currency basis1.
Net Sales
For the six months ended June 30, 2025, the Company recorded net sales of
Net Sales Performance by Region
Table 3: Net Sales by Region
Region15 | Six months ended June 30, 2025 US$ millions | Six months ended June 30, 2024 US$ millions | Percentage increase (decrease) 1H 2025 vs. 1H 2024 | Percentage increase (decrease) 1H 2025 vs. 1H 2024 excl. foreign currency effects1 |
625.7 | 680.0 | (8.0) % | (7.3) % | |
560.6 | 608.3 | (7.8) % | (7.7) % | |
378.8 | 372.3 | 1.8 % | 1.6 % | |
96.4 | 107.5 | (10.4) % | (1.0) % | |
Corporate | 0.2 | 0.4 | (58.3) % | (58.3) % |
Net sales | 1,661.7 | 1,768.5 | (6.0) % | (5.2) % |
For the six months ended June 30, 2025, the Company's net sales in
During the first half of 2025, net sales in
For the six months ended June 30, 2025, net sales in
For the six months ended June 30, 2025, net sales in
Net Sales Performance by Brand
Table 4: Net Sales by Brand
Brand | Six months ended June 30, 2025 US$ millions | Six months ended June 30, 2024 US$ millions | Percentage increase (decrease) 1H 2025 vs. 1H 2024 | Percentage increase (decrease) 1H 2025 vs. 1H 2024 excl. foreign currency effects1 |
Samsonite | 854.1 | 903.8 | (5.5) % | (4.7) % |
TUMI | 402.4 | 413.9 | (2.8) % | (2.5) % |
American Tourister | 264.6 | 307.4 | (13.9) % | (12.7) % |
Other16 | 140.5 | 143.4 | (2.0) % | 0.2 % |
Net sales | 1,661.7 | 1,768.5 | (6.0) % | (5.2) % |
Net sales of the Samsonite brand decreased by
For the six months ended June 30, 2025, net sales of the TUMI brand decreased by
For the six months ended June 30, 2025, net sales of the American Tourister brand decreased by
Net Sales Performance by Product Category
Table 5: Net Sales by Product Category
Product Category | Six months ended June 30, 2025 US$ millions | Six months ended June 30, 2024 US$ millions | Percentage increase (decrease) 1H 2025 vs. 1H 2024 | Percentage increase (decrease) 1H 2025 vs. 1H 2024 excl. foreign currency effects1 |
Travel | 1,060.3 | 1,160.8 | (8.7) % | (7.9) % |
Non-travel7 | 601.4 | 607.7 | (1.1) % | 0.1 % |
Net sales | 1,661.7 | 1,768.5 | (6.0) % | (5.2) % |
The Company continued to diversify its net sales mix towards the non-travel product category7 which offers strong long-term growth opportunities. For the six months ended June 30, 2025, net sales in the non-travel product category7 increased by
Net sales in the travel product category decreased by
Net Sales Performance by Distribution Channel
Table 6: Net Sales by Distribution Channel
Distribution Channel | Six months ended June 30, 2025 US$ millions | Six months ended June 30, 2024 US$ millions | Percentage increase (decrease) 1H 2025 vs. 1H 2024 | Percentage increase (decrease) 1H 2025 vs. 1H 2024 excl. foreign currency effects1 |
Wholesale6 | 1,002.9 | 1,095.0 | (8.4) % | (7.4) % |
DTC: | ||||
Retail | 470.0 | 482.7 | (2.6) % | (1.9) % |
E-commerce | 188.7 | 190.8 | (1.1) % | (0.7) % |
Total DTC | 658.8 | 673.5 | (2.2) % | (1.6) % |
Net sales | 1,661.7 | 1,768.5 | (6.0) % | (5.2) % |
For the six months ended June 30, 2025, net sales in the Company's wholesale channel6 decreased by
In contrast, our DTC channel showed greater resilience. Net sales in our DTC channel for the six months ended June 30, 2025, decreased by
The Company continued to invest in its DTC retail channel, adding 45 company-operated retail stores while closing 24 company-operated retail stores, for a net addition of 21 company-operated retail stores during the six months ended June 30, 2025. This brought the Company's global retail network to 1,140 company-operated retail stores as of June 30, 2025, compared to 1,119 as of December 31, 2024, and 1,083 as of June 30, 2024, reflecting our commitment to invest in building a more direct relationship with our customers, which enhances our overall gross profit margin profile and elevates our brand presentation to the end consumer.
Within the DTC retail channel, net sales from company-operated retail stores decreased by
DTC e-commerce net sales decreased by
Gross Profit
The Company's gross profit decreased by
Distribution Expenses
Distribution expenses increased by
Marketing Expenses
The Company spent
General and Administrative Expenses
General and administrative expenses decreased by
Other Expense and Income
The Company recorded other expense of
Operating Profit
The Company reported an operating profit of
Finance Income and Costs and Income Tax Expense
Net finance costs for the six months ended June 30, 2025, decreased by
The Company recorded income tax expense of
Adjusted EBITDA8 and Adjusted Net Income13
For the six months ended June 30, 2025, the Company recorded adjusted EBITDA8 of
Adjusted net income13 was
Working Capital
Inventories as of June 30, 2025, were
Net working capital10 was
Total Capital Expenditures
Total capital expenditures (consisting of purchases of property, plant and equipment and software) for the six months ended June 30, 2025, decreased by
The Company intends to continue to invest in the upgrade and expansion of its retail store fleet, software to improve its e-commerce platforms and customer engagement capabilities, as well as other core strategic functions, to support net sales growth.
Balance Sheet and Adjusted Free Cash Flow9
Adjusted free cash flow9 decreased by
During the six months ended June 30, 2025, the Company repurchased 16.7 million shares with an associated cash outflow of
Net debt was
Notes | |
_________________________________ | |
1 | Net sales results stated on a constant currency basis, a non-International Financial Reporting Standards ("IFRS") financial measure, are calculated by applying the average exchange rate of the period under comparison to current period local currency results. Unless otherwise stated, all net sales growth rates are presented on a constant currency basis. |
2 | Adjusted EBITDA margin, a non-IFRS financial measure, is defined as adjusted EBITDA (as defined below) divided by net sales. |
3 | Total liquidity is calculated as the sum of cash and cash equivalents plus available capacity under the revolving credit facility. |
4 | From 2021 to 2024, reported net sales of the Samsonite Group grew at a compound annual growth rate ("CAGR") of |
5 | For comparative purposes, Samsonite Group net sales are adjusted to exclude |
6 | Wholesale channel net sales include licensing revenue of |
7 | The non-travel product category includes business and casual bags and backpacks, accessories and other products. |
8 | Adjusted earnings before interest, taxes, depreciation and amortization of intangible assets ("adjusted EBITDA"), a non-IFRS financial measure, eliminates the effect of a number of costs, charges and credits and certain other non-cash charges. Adjusted EBITDA is defined as profit for the period, adjusted to eliminate income tax expense, finance costs (excluding interest expense on lease liabilities), finance income, depreciation, amortization (excluding amortization of lease right-of-use assets), share-based compensation expense, impairment reversals and other expense. |
9 | The Company defines adjusted free cash flow, a non-IFRS financial measure, as net cash generated from (used in) operating activities, less (i) purchases of property, plant and equipment and software and (ii) principal payments on lease liabilities. The Company believes adjusted free cash flow provides helpful additional information regarding the Company's liquidity and its ability to generate cash after excluding the use of cash from certain of its core operating activities. Adjusted free cash flow does not represent the residual cash flow available for discretionary expenditures since it excludes certain mandatory expenditures, and adjusted free cash flow may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. |
10 | Net working capital is the sum of inventories and trade and other receivables, minus accounts payable. Net working capital efficiency is calculated as net working capital divided by annualized net sales. |
11 | As of June 30, 2025, the Company had |
12 | Effective since the third quarter of 2024, the Company voluntarily made a change in accounting policy related to the recognition of the subsequent changes in the fair value of put option financial liabilities associated with the non-controlling interests in certain of the Company's majority owned subsidiaries. |
13 | Adjusted net income, a non-IFRS financial measure, eliminates the effect of a number of costs, charges and credits and certain other non-cash charges, along with their respective tax effects, that impact the Company's reported profit attributable to the equity holders, which the Company's believes helps to give securities analysts, investors and other interested parties a more complete understanding of the Company's underlying financial performance. |
14 | Adjusted basic and diluted earnings per share, both non-IFRS financial measures, are calculated by dividing adjusted net income by the weighted average number of shares used in the basic and diluted earnings per share calculations, respectively. |
15 | The geographic location of the Company's net sales generally reflects the country or territory from which its products were sold and does not necessarily indicate the country or territory in which its end customers were actually located. |
16 | "Other" includes certain other non-core brands owned by the Company, such as Gregory, High Sierra, Kamiliant, Lipault, Hartmann, Saxoline and Secret, as well as certain third-party brands. |
17 | The Company's same store analysis includes company-operated retail stores that had been open for at least 12 months before the end of the relevant financial period. |
18 | For the six months ended June 30, 2025, the Company had total capital expenditures of |
Non-IFRS Financial Measures
In addition to our results determined in accordance with IFRS Accounting Standards, management reviews certain non-IFRS financial measures, including constant currency net sales growth, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted basic and diluted earnings per share and adjusted free cash flow as detailed in this section, to evaluate our business, measure our performance, identify trends affecting us, formulate business plans and make strategic decisions.
We believe that these non-IFRS financial measures, when used in conjunction with our IFRS Accounting Standards financial information, allow investors to better evaluate our financial performance in comparison to other periods and to other companies in our industry. However, non-IFRS financial measures are not defined or recognized under IFRS Accounting Standards, are presented for supplemental informational purposes only and should not be considered in isolation or relied on as a substitute for financial information presented in accordance with IFRS Accounting Standards. Our presentation of any non-IFRS financial measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate non-IFRS financial measures differently, which may limit their usefulness as comparative measures.
Our non-IFRS financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for an analysis of our results under IFRS Accounting Standards. Constant currency net sales growth is limited as a metric to review our financial results as it does not reflect the impacts of foreign currency on reported net sales. Some of the limitations of adjusted EBITDA and adjusted EBITDA margin include not capturing certain tax payments that may reduce cash available to us; not reflecting any cash capital expenditure requirements for the assets being depreciated and amortized that may have to be replaced in the future; not reflecting changes in, or cash requirements for, our working capital needs; and not reflecting the interest expense, or the cash requirements necessary to service interest or principal payments. Some of the limitations of adjusted net income and adjusted basic and diluted earnings per share include not capturing the effect of a number of costs, charges and credits and certain other non-cash charges, along with their respective tax effects, that impact our reported profit. Some of the limitations of adjusted free cash flow include that it does not reflect our future contractual commitments or consider certain cash requirements such as interest payments, tax payments and debt service requirements and does not represent the total increase or decrease in our cash balance for a given period. Because of these and other limitations, our non-IFRS financial measures should be considered along with comparable financial measures prepared and presented in accordance with IFRS Accounting Standards.
Constant Currency Net Sales Growth
We present the percent change in constant currency net sales to supplement our net sales presented in accordance with IFRS Accounting Standards and to enhance investors' understanding of our global business performance by excluding the positive or negative period-over-period impact of foreign currency movements on our reported net sales. To present this information, current and comparative prior period results for entities with functional currencies other than
Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA, a non-IFRS financial measure, eliminates the effect of a number of costs, charges and credits and certain other non-cash charges. Adjusted EBITDA is defined as profit for the period, adjusted to eliminate income tax expense, finance costs (excluding interest expense on lease liabilities), finance income, depreciation, amortization (excluding amortization of lease right-of-use assets), share-based compensation expense, impairment reversals and other expense. Adjusted EBITDA margin, a non-IFRS financial measure, is defined as adjusted EBITDA divided by net sales. We believe adjusted EBITDA and adjusted EBITDA margin provide additional information that is useful in gaining a more complete understanding of our operational performance and of the underlying trends of our business.
For the Second Quarter Ended June 30, 2025
The following table reconciles adjusted EBITDA and adjusted EBITDA margin to our profit for the period and profit margin, the most directly comparable financial measures stated in accordance with IFRS Accounting Standards, for the three months ended June 30, 2025 and June 30, 2024:
Three months ended June 30, | ||||||
(Expressed in millions of | 2025 | 2024 | Percentage | |||
Profit for the period(a) | 74.8 | 92.7 | (19.2) % | |||
Plus (minus): | ||||||
Income tax expense | 30.0 | 36.8 | (18.4) % | |||
Finance costs(a) | 26.8 | 39.5 | (32.2) % | |||
Finance income | (2.8) | (4.1) | (31.4) % | |||
Operating profit | 128.8 | 164.9 | (21.9) % | |||
Plus (minus): | ||||||
Depreciation | 16.1 | 12.3 | 30.7 % | |||
Total amortization | 47.4 | 41.5 | 14.3 % | |||
Share-based compensation expense | 1.1 | 3.6 | (68.9) % | |||
Impairment reversals | — | (5.1) | (100.0) % | |||
Amortization of lease right-of-use assets | (42.2) | (36.4) | 16.1 % | |||
Interest expense on lease liabilities | (9.4) | (8.6) | 9.8 % | |||
Other adjustments(b) | (0.7) | 0.0 | nm | |||
Adjusted EBITDA(c) | 141.1 | 172.3 | (18.1) % | |||
Net sales | 865.0 | 908.9 | ||||
Profit margin(a), (d) | 8.7 % | 10.2 % | ||||
Adjusted EBITDA margin(e) | 16.3 % | 19.0 % | ||||
| |
Notes | |
(a) | Effective since the third quarter of 2024, we voluntarily made a change in accounting policy related to the recognition of the subsequent changes in the fair value of put option financial liabilities associated with the non-controlling interests in certain of our majority owned subsidiaries. The impact of adopting this change in accounting policy has been applied retrospectively and the comparative period in 2024 has been adjusted. All other financial statement captions for the three months ended June 30, 2024, in this table that have not been identified with this footnote were not impacted by this policy change. |
(b) | Other adjustments primarily comprised 'Other (expense) and income' per the unaudited condensed consolidated statements of income. |
(c) | Adjusted EBITDA eliminates the effect of a number of costs, charges and credits and certain other non-cash charges. Adjusted EBITDA includes the lease interest and amortization expense under IFRS 16, Leases ("IFRS 16") to account for operational rent expenses. |
(d) | Profit margin is calculated by dividing profit for the period by net sales. |
(e) | Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by net sales. |
nm | Not meaningful. |
The following table reconciles adjusted EBITDA and adjusted EBITDA margin to our profit for the period and profit margin, the most directly comparable financial measures stated in accordance with IFRS Accounting Standards, for the six months ended June 30, 2025 and June 30, 2024:
Six months ended June 30, | ||||||
(Expressed in millions of | 2025 | 2024 | Percentage | |||
Profit for the period(a) | 130.0 | 184.2 | (29.4) % | |||
Plus (minus): | ||||||
Income tax expense | 54.6 | 65.9 | (17.2) % | |||
Finance costs(a) | 59.2 | 72.5 | (18.3) % | |||
Finance income | (5.4) | (7.9) | (31.4) % | |||
Operating profit | 238.4 | 314.7 | (24.2) % | |||
Plus (minus): | ||||||
Depreciation | 30.9 | 24.1 | 28.5 % | |||
Total amortization | 92.0 | 82.7 | 11.2 % | |||
Share-based compensation expense | 4.5 | 7.3 | (38.6) % | |||
Impairment reversals | — | (5.1) | (100.0) % | |||
Amortization of lease right-of-use assets | (81.8) | (72.5) | 12.7 % | |||
Interest expense on lease liabilities | (18.4) | (17.0) | 8.2 % | |||
Other adjustments(b) | 3.1 | (0.6) | nm | |||
Adjusted EBITDA(c) | 268.7 | 333.5 | (19.4) % | |||
Net sales | 1,661.7 | 1,768.5 | ||||
Profit margin(a), (d) | 7.8 % | 10.4 % | ||||
Adjusted EBITDA margin(e) | 16.2 % | 18.9 % | ||||
| |
Notes | |
(a) | Effective since the third quarter of 2024, we voluntarily made a change in accounting policy related to the recognition of the subsequent changes in the fair value of put option financial liabilities associated with the non-controlling interests in certain of our majority owned subsidiaries. The impact of adopting this change in accounting policy has been applied retrospectively and the comparative period in 2024 has been adjusted. All other financial statement captions for the six months ended June 30, 2024, in this table that have not been identified with this footnote were not impacted by this policy change. |
(b) | Other adjustments primarily comprised 'Other (expense) and income' per the unaudited condensed consolidated statements of income. |
(c) | Adjusted EBITDA eliminates the effect of a number of costs, charges and credits and certain other non-cash charges. Adjusted EBITDA includes the lease interest and amortization expense under IFRS 16 to account for operational rent expenses. |
(d) | Profit margin is calculated by dividing profit for the period by net sales. |
(e) | Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by net sales. |
nm | Not meaningful. |
Adjusted Net Income and Adjusted Earnings Per Share
Adjusted net income, a non-IFRS financial measure, eliminates the effect of a number of costs, charges and credits and certain other non-cash charges, along with their respective tax effects, that impact our reported profit attributable to equity holders, which we believe helps to give securities analysts, investors and other interested parties a more complete understanding of our underlying financial performance. Adjusted net income is defined as profit attributable to equity holders, adjusted to eliminate changes in the fair value of put options included in finance costs, amortization of intangible assets, derecognition of deferred financing costs associated with refinancing, impairment reversals, restructuring charges or reversals,
For the Second Quarter Ended June 30, 2025
The following table reconciles our adjusted net income and adjusted basic and diluted earnings per share to profit for the period and basic and diluted earnings per share, the most directly comparable financial measures stated in accordance with IFRS Accounting Standards, for the three months ended June 30, 2025 and June 30, 2024:
Three months ended June 30, | ||||||
(Expressed in millions of | 2025 | 2024 | Percentage | |||
Profit for the period(a) | 74.8 | 92.7 | (19.2) % | |||
Less: profit attributable to non-controlling interests | (4.8) | (7.2) | (33.1) % | |||
Profit attributable to the equity holders(a) | 70.1 | 85.5 | (18.1) % | |||
Plus (minus): | ||||||
Change in the fair value of put options included in finance costs(a) | (5.9) | (5.3) | 10.6 % | |||
Amortization of intangible assets | 5.2 | 5.1 | 1.5 % | |||
Derecognition of deferred financing costs associated with refinancing | — | 9.5 | (100.0) % | |||
Impairment reversals | — | (5.1) | (100.0) % | |||
Restructuring reversals | (0.2) | — | n/a | |||
3.5 | — | n/a | ||||
Tax adjustments(b) | (1.2) | (2.7) | (54.2) % | |||
Adjusted net income(c) | 71.4 | 86.9 | (17.8) % | |||
Basic earnings per share(a) | 0.051 | 0.059 | (13.5) % | |||
Diluted earnings per share(a) | 0.050 | 0.058 | (12.8) % | |||
Adjusted basic earnings per share | 0.052 | 0.059 | (13.2) % | |||
Adjusted diluted earnings per share | 0.051 | 0.059 | (12.5) % | |||
| |
Notes | |
(a) | Effective since the third quarter of 2024, we voluntarily made a change in accounting policy related to the recognition of the subsequent changes in the fair value of put option financial liabilities associated with the non-controlling interests in certain of our majority owned subsidiaries. The impact of adopting this change in accounting policy has been applied retrospectively and the comparative period in 2024 has been adjusted. All other financial statement captions for the three months ended June 30, 2024, in this table that have not been identified with this footnote were not impacted by this policy change. |
(b) | Tax adjustments represent the tax effect of the reconciling line items as included in the unaudited condensed consolidated statements of income based on the applicable tax rate in the jurisdiction where such costs were incurred. |
(c) | Represents adjusted net income attributable to the equity holders. |
n/a | Not applicable. |
For the Six Months Ended June 30, 2025
The following table reconciles our adjusted net income and adjusted basic and diluted earnings per share to profit for the period and basic and diluted earnings per share, the most directly comparable financial measures stated in accordance with IFRS Accounting Standards, for the six months ended June 30, 2025 and June 30, 2024:
Six months ended June 30, | ||||||
(Expressed in millions of | 2025 | 2024 | Percentage | |||
Profit for the period(a) | 130.0 | 184.2 | (29.4) % | |||
Less: profit attributable to non-controlling interests | (11.8) | (14.8) | (20.3) % | |||
Profit attributable to the equity holders(a) | 118.2 | 169.4 | (30.2) % | |||
Plus (minus): | ||||||
Change in the fair value of put options included in finance costs(a) | (7.7) | (5.9) | 31.1 % | |||
Amortization of intangible assets | 10.2 | 10.2 | 0.5 % | |||
Derecognition of deferred financing costs associated with refinancing | — | 9.5 | (100.0) % | |||
Impairment reversals | — | (5.1) | (100.0) % | |||
Restructuring reversals | (0.3) | — | n/a | |||
5.4 | — | n/a | ||||
Tax adjustments(b) | (2.5) | (4.0) | (38.0) % | |||
Adjusted net income(c) | 123.4 | 174.0 | (29.1) % | |||
Basic earnings per share(a) | 0.085 | 0.116 | (26.8) % | |||
Diluted earnings per share(a) | 0.085 | 0.115 | (26.4) % | |||
Adjusted basic earnings per share | 0.089 | 0.119 | (25.6) % | |||
Adjusted diluted earnings per share | 0.088 | 0.118 | (25.2) % | |||
| |
Notes | |
(a) | Effective since the third quarter of 2024, we voluntarily made a change in accounting policy related to the recognition of the subsequent changes in the fair value of put option financial liabilities associated with the non-controlling interests in certain of our majority owned subsidiaries. The impact of adopting this change in accounting policy has been applied retrospectively and the comparative period in 2024 has been adjusted. All other financial statement captions for the six months ended June 30, 2024, in this table that have not been identified with this footnote were not impacted by this policy change. |
(b) | Tax adjustments represent the tax effect of the reconciling line items as included in the unaudited condensed consolidated statements of income based on the applicable tax rate in the jurisdiction where such costs were incurred. |
(c) | Represents adjusted net income attributable to the equity holders. |
n/a | Not applicable. |
Adjusted Free Cash Flow
We define adjusted free cash flow, a non-IFRS financial measure, as cash generated from operating activities, less (i) purchases of property, plant and equipment and software and (ii) principal payments on lease liabilities. We believe adjusted free cash flow provides helpful additional information regarding our liquidity and our ability to generate cash after excluding the use of cash from certain of our core operating activities. Adjusted free cash flow does not represent the residual cash flow available for discretionary expenditures since it excludes certain mandatory expenditures, and adjusted free cash flow may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.
For the Second Quarter Ended June 30, 2025
The following table reconciles our adjusted free cash flow to our net cash generated from operating activities, the most directly comparable financial measure stated in accordance with IFRS Accounting Standards, for the three months ended June 30, 2025 and June 30, 2024:
Three months ended June 30, | ||||||
(Expressed in millions of | 2025 | 2024 | Percentage (decrease) | |||
Net cash generated from operating activities | 113.2 | 137.9 | (17.9) % | |||
Less: | ||||||
Purchases of property, plant and equipment and software | (18.9) | (28.0) | (32.5) % | |||
Principal payments on lease liabilities | (41.6) | (34.7) | 19.9 % | |||
Adjusted free cash flow | 52.7 | 75.1 | (29.9) % | |||
For the Six Months Ended June 30, 2025
The following table reconciles our adjusted free cash flow to our net cash generated from operating activities, the most directly comparable financial measure stated in accordance with IFRS Accounting Standards, for the six months ended June 30, 2025 and June 30, 2024:
Six months ended June 30, | ||||||
(Expressed in millions of | 2025 | 2024 | Percentage (decrease) | |||
Net cash generated from operating activities | 121.7 | 192.9 | (36.9) % | |||
Less: | ||||||
Purchases of property, plant and equipment and software | (30.4) | (41.2) | (26.4) % | |||
Principal payments on lease liabilities | (79.8) | (70.1) | 14.0 % | |||
Adjusted free cash flow | 11.5 | 81.6 | (85.9) % | |||
2025 Interim Results – Conference Call for Analysts and Investors:
Date: Wednesday, August 13, 2025
Time: 08:30
Live Audio Webcast / Replay Link: https://edge.media-server.com/mmc/p/g88t9j83
Teleconference Dial-in Registration Link:
https://register-conf.media-server.com/register/BId261e72db75c444684e6429fca5c3578
About Samsonite Group
With a heritage dating back 115 years, Samsonite Group S.A. (together with its consolidated subsidiaries, the "Company", "Samsonite Group" "our", "us" or "we") is the world's best-known and largest travel luggage company and a leader in global lifestyle bags. We own and operate a portfolio of customer-centric and iconic brands, led by Samsonite, TUMI, and American Tourister, that empower our customers' journeys with globally trusted, innovative and increasingly sustainable products. Building on our long history of industry leadership, the Company's vision is to create a path toward a more sustainable future for its industry. The Company is principally engaged in the design, manufacture, sourcing and distribution of luggage, business and computer bags, outdoor and casual bags and travel accessories throughout the world, primarily under the Samsonite, TUMI, and American Tourister brand names as well as other owned and licensed brand names. The Company sells its products through a variety of wholesale distribution channels, through its company-operated retail stores and through e-commerce. The Company sells its products primarily in
For more information, please contact: | ||
Samsonite Group S.A. Tel: +1 508 851 1586 | Samsonite Group S.A. – Tel: +852 2422 2611 | |
Alvin Concepcion Email: Alvin.Concepcion@samsonite.com
| William Yue Email:
| Helena Sau Email: |
Tel: +1 212 355 4449 Michael Freitag / Tim Ragones / Ed Trissel Email: Samsonite-JF@joelefrank.com | ||
Non-IFRS Financial Measures
We have presented certain non-IFRS financial measures in this press release because each of these measures provides additional information that management believes is useful for securities analysts, investors and other interested parties to gain a more complete understanding of the Company's operational performance and the trends impacting our business. These non-IFRS financial measures, as calculated herein, may not be comparable to similarly named measures used by other companies and should not be considered comparable to IFRS financial measures. Non-IFRS financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, an analysis of the Company's financial results as reported under IFRS Accounting Standards.
Special Note Regarding Forward-looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements by the words "aim," "anticipate," "believe," "commit," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "ongoing," "opportunity," "outlook," "plan," "potential," "project," "prospect," "target," "trend," "will," "would," or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to materially differ from the information expressed or implied by these forward-looking statements. The forward-looking statements and opinions contained in this press release are based upon information available to us as of the date of this press release and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. Forward-looking statements contained in this press release include, but are not limited to, statements concerning:
- our expectations with respect to third quarter and second half 2025 financial and operating performance, including the potential for sequential net sales improvement in the third quarter of 2025;
- the strength and positioning of our brands and our ability to preserve their desirability;
- our ability to implement our growth strategies and expand our product offerings and market reach, including with respect to the non-travel category;
- our market opportunity and our ability to grow sales in established markets and deepen penetration in emerging markets;
- our ability to manage our channel mix and execute on our multi-channel strategy;
- the performance of our direct-to-consumer ("DTC") channel, including the expansion and success of our company-operated retail stores and e-commerce platforms;
- the effects of trends in the travel industry, and air travel in particular, on our business;
- our platform and other competitive advantages and the competitive environment in which we operate;
- our focus on innovative design, durability and sustainability and our ability to differentiate our products on this basis;
- our ability to tailor our brand and product strategies to local preferences;
- our future financial profile, including with respect to operating leverage and margins, and the resiliency of our operating model;
- our ability to generate cash from operations, invest in our business and return capital to shareholders;
- our in-house design, development and manufacturing abilities;
- our ability to expand our brand portfolio, including through accretive M&A;
- our marketing and advertising strategy;
- our intent to continue to spend on property, plant and equipment to upgrade and expand our retail store fleet;
- our financial position over the next twelve months and future periods, including with respect to our existing and estimated cash flows, working capital and access to financing;
- our ability to manage the availability and cost of raw materials;
- the advantages of our sourcing and distribution model and our ability to manage inventories;
- the strength of our relationships with third-party suppliers, manufacturers, distribution, wholesale and franchise partners;
- the performance, financial conditions and capabilities of our third-party suppliers, manufacturers and other partners;
- our ability to navigate general economic conditions worldwide and the effects of macroeconomic factors on our business;
- the economic and political conditions of foreign countries in which we operate or source our merchandise;
- the effects of changes in tariffs and other trade policies on global macroeconomic and geopolitical conditions and on our business, as well as our ability to navigate such changes;
- the effects of foreign currency fluctuations on our business;
- our commitment to sustainability and our ability to leverage innovation and sustainability improvements to broaden our travel and non-travel product offerings;
- climate change and environmental, social and governance ("ESG")-related matters, as well as legal, regulatory or market responses thereto;
- changes to laws and regulations worldwide, including advertising, materials, sanctions, trade policies, taxes, tariffs, import/export regulations and competition regulations; and
- our ability to comply with such laws and regulations.
Actual events or results may differ from those expressed in forward-looking statements. As such, you should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this press release primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, operating results, prospects, strategy and financial needs. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, assumptions and other factors including, among other things, risks related to: the effects of consumer spending and general economic conditions; adverse impacts on the travel industry, especially air travel, including due to geopolitical events; any deterioration in the strength of our brands, or our inability to grow these brands; our inability to expand internationally or maintain successful relationships with local distribution and wholesale partners; the competitive environment in which we operate; our inability to maintain our network of sales and distribution channels or manage our inventory effectively; our inability to grow our digital distribution channel and execute our e-commerce strategy; our inability to promote the success of our retail stores; deterioration or consolidation of our wholesale customer base; the financial health of our wholesale customer base; our inability to maintain or enhance our marketing position; our inability to respond effectively to changes in market trends and consumer preferences; harm to our reputation; manufacturing or design defects in our products, or products that are otherwise unacceptable to us or to our wholesale customers; the impacts of merchandise returns and warranty claims on our business; our inability to appeal to new consumers while maintaining the loyalty of our core consumers; our inability to exercise sufficient oversight over our decentralized operations; our inability to attract and retain talented and qualified employees, managers, and executives; our dependence on existing members of management and key employees; our inability to accurately forecast our inventory and working capital requirements; disruptions to our manufacturing, warehouse and distribution operations; our reliance on third-party manufacturers and suppliers; the impact of governmental laws and regulations and changes and uncertainty related thereto, including tariffs and trade wars, export controls, sanctions and other regulations on our business; our failure to comply with
The preceding paragraph and list are not intended to be an exhaustive description of all of our forward-looking statements or related risks. The forward-looking statements contained in this press release speak only as of the date of this press release. Moreover, we operate in a highly competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. The results, events, and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this press release. While we believe that such information provides a reasonable basis for these statements, such information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on these statements.
You should read this press release with the understanding that our actual future results may be materially different from what we expect. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.
Rounding
Certain amounts presented in this press release have been rounded up or down to the nearest tenth of a million unless otherwise indicated. Accordingly, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that precede them. With respect to financial information set out in this report, a dash ("—") signifies that the relevant figure is not available, not applicable or zero, while a zero ("0.0") signifies that the relevant figure is available but has been rounded to zero. There may therefore be discrepancies between the actual totals of the individual amounts in the tables and the totals shown and between the amounts in the tables and the amounts given in the corresponding analyses in the text of this press release and between amounts in this press release and other publicly available reports. All percentages and key figures were calculated using the underlying data in whole United States Dollars ("US$" or "
View original content:https://www.prnewswire.com/news-releases/samsonite-group-sa-announces-interim-results-for-the-six-months-ended-june-30-2025-302528949.html
SOURCE Samsonite
FAQ
What were Samsonite's (SMSEY) key financial results for Q2 2025?
How did Samsonite's different brands perform in H1 2025?
What is Samsonite's current liquidity position in 2025?
How is Samsonite's direct-to-consumer (DTC) channel performing?
What are Samsonite's expansion plans for 2025?
