Business
Samsonite Group S.A. Announces Results for the First Quarter Ended March 31, 2025
Samsonite Group S.A., together with its consolidated subsidiaries (the "Company", "Samsonite Group", "it" or "its"; HKEX stock code: 1910), the world's best-known and largest travel luggage company and a leader in global lifestyle bags, today published its results for the first quarter ended March 31, 2025.
About this update from Samsonite Group S.a.
[{"type":"text","content":"Consolidated net sales were US$796.6 million, a decrease of 7.3%, or 4.5% on a constant currency basis1, period-over-period, in line with our outlook","length":154,"tagName":"p","attribs":{}},{"type":"text","content":"Achieved gross profit margin of 59.4% and adjusted EBITDA margin2 of 16.0%","length":74,"tagName":"p","attribs":{}},{"type":"text","content":"Returned US$42.9 million to shareholders through the repurchase of 16.7 million shares ","length":86,"tagName":"p","attribs":{}},{"type":"text","content":"Maintained substantial liquidity3 of US$1.3 billion","length":56,"tagName":"p","attribs":{}},{"type":"text","content":"MANSFIELD, Mass. and HONG KONG, May 13, 2025 /PRNewswire/ -- Samsonite Group S.A., together with its consolidated subsidiaries (the "Company", "Samsonite Group", "it" or "its"; HKEX stock code: 1910), the world's best-known and largest travel luggage company and a leader in global lifestyle bags, today published its results for the first quarter ended March 31, 2025.","length":413,"tagName":"p"},{"type":"text","content":"Unless otherwise stated, all net sales percentage increases/decreases are presented on a constant currency basis1.","length":114,"tagName":"p","attribs":{}},{"type":"text","content":"Overview Commenting on the results, Mr. Kyle Gendreau, Chief Executive Officer, said, "We reported net sales in line with our outlook, and I am gratified by the resilience demonstrated by our teams across the globe in a challenging environment. Macroeconomic uncertainty has risen considerably worldwide, exacerbated by a lack of visibility with respect to tariffs in the United States, which is impacting consumer sentiment across our markets. Additionally, during the first quarter of 2025 we faced the toughest period-over-period net sales comparison of this year. As a result, for the three months ended March 31, 2025, the Company delivered net sales of US$796.6 million, a decrease of 4.5%1 compared to our record first quarter net sales in 2024. We have a strong record of execution through economic volatility, and we are managing the business with agility and a focus on driving long-term growth. We are confident that with our consumer-centric iconic brands, leadership in product innovation, global platform and scale advantages, nimble sourcing ca...