Watches of Switzerland Group plc (WOSG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

So good morning and thank you for joining our presentation of the final results of the Watch the Switzerland group for fiscal year 25. You'll be hearing firstly from me, Brian Duffy, CEO of the group, then David Hurley, President of North America and Deputy Group CEO, then Craig Bolton, President UK, and finally, last but not least, Anders Romberg, our Group CFO. I'll then have some closing remarks before opening the lines for your questions. In fiscal year 25, we achieved record sales of $1.652 billion. That was plus 8% in constant currency versus prior year. And we had a stronger second half gross, achieving plus 12%. Our US division passed an important milestone, achieving sales of over $1 billion in the fiscal year. Adjusted EBIT of £150 million was 12% ahead of last year, representing an improvement in profitability of 30 bps, and we ended with a decent balance sheet. Throughout the year, we continued with our strategy of investing for profitable growth through developing our showrooms. With new points of sale for Rolex in the US, in Jacksonville and Plano, Texas. The stunning new Rolex flagship boutique here in London and Old Bond Street. Expansion of Patek Philippe in Greenwich, Connecticut. And all in all, a total of 15 showroom projects for the group. and we have an exciting program of investment projects in fiscal year 26 and 27 that you'll see from david and craig's presentations we're delighted with the acquisitions of roberto coin inc and hedinki integrations are going very well and we've great prospects for those two businesses Pre-owned both Rolex CPO program and other brand CPO have performed very well exceeding our expectations. As we have presented previously, we see significant growth potential in the luxury branded jewellery sector, particularly t...