Brian Duffy
Group CEO
Replay available
Watches of Switzerland Group plc (WOSG) Q2 2026 Earnings Call
Watches of Switzerland Group plc (LSE: WOSG) Q2 2026 earnings conference call, held 2025-12-04. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Anders Romberg
Chief Financial Officer
David Hurley
Managing Director, Watches of Switzerland USA
Chris Huang
Analyst, UBS
Richard Taylor
Analyst
John Cox
Analyst, Kepler
Adrian Duverger
Analyst, Goldman Sachs
Kate Calvert
Analyst, Investec
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Watches Of Switzerland Group Plc.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:02.354 Good morning, everyone. Thanks for joining us. 00:00:02.354 -- 00:00:07.541 Our presentation this morning will commence with me, Group CEO, Brian Duffy. 00:00:07.541 -- 00:00:12.868 I'll be taking you through our first half highlights, talking about our growth initiatives 00:00:12.868 -- 00:00:16.893 in the first half. I'll then be followed by our CFO, Anders Romberg. 00:00:16.893 -- 00:00:20.197 He'll give you more detail and colour on the numbers. 00:00:20.197 -- 00:00:25.284 Then me again to give you a bit more background on our growth pillars and where we 00:00:25.284 -- 00:00:29.883 stand. And then we'll open things up for your questions. 00:00:29.883 -- 00:00:35.649 So the top line numbers for the first half year that ended in October are sales $845 00:00:35.649 -- 00:00:41.314 million for the half. We were up 10% in constant currency for the group, 00:00:41.314 -- 00:00:46.399 driven by a very strong performance in the US, plus 20% in US dollars. 00:00:46.399 -- 00:00:51.464 UK was decent at plus 5% when we adjust for the store 00:00:51.464 -- 00:00:56.529 closures that we had last year. All in all, a good half year in terms of 00:00:56.529 -- 00:01:01.796 sales. In terms of profits, EBIT came in 6% ahead of last year at 69 00:01:01.796 -- 00:01:04.039 million, the currency. 00:01:04.039 -- 00:01:08.605 Our leverage is 0.6% EBITDA leverage to debt. 00:01:08.605 -- 00:01:13.632 Our free cash flow, 48 million, was 71% better than last 00:01:13.632 -- 00:01:18.739 year. Our expansionary capex, 37 million, following all of our 00:01:18.739 -- 00:01:22.364 projects that I'll be talking more about in detail as we go through. 00:01:22.364 -- 00:01:27.410 We completed our 25 million buyback, 14 million 00:01:27.410 -- 00:01:30.793 a...