Watches of Switzerland Group PLC (GB:WOSG) has released an update.
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Watches of Switzerland Group PLC reported a promising 4% revenue growth in constant currency for H1 FY25, driven by strong demand in the UK and US, and bolstered by the acquisition of Roberto Coin. The company saw a significant 11% revenue boost in Q2, fueled by strategic stock increases and modest price hikes, alongside the launch of new showrooms and successful integration of Hodinkee. Despite a drop in adjusted EBIT and free cash flow, the company remains optimistic about its full-year outlook, supported by upcoming showroom openings and steady trading momentum.
For further insights into GB:WOSG stock, check out TipRanks’ Stock Analysis page.
