Watches of Switzerland Reports FY25 Trading Update
The retailer reported solid revenue growth in FY25, but cautioned about broader macroeconomic and consumer environment uncertainties, including potential US tariff changes.
The retailer reported solid revenue growth in FY25, but cautioned about broader macroeconomic and consumer environment uncertainties, including potential US tariff changes.
The retailer has announced a change in shareholding, with Alberta Investment Management Corporation now holding 3.00051% of the company's voting rights.
The retailer has announced a change in its major shareholding, with Norges Bank now holding 3.14% of the company's voting rights.
The retailer's Chair has purchased a significant number of shares in the company.
The retailer has provided an update on its £25m share buyback programme, including details on the number of shares repurchased so far and the timeline for the programme's completion.
The retailer's CEO has exercised options under the company's long-term incentive plan, acquiring a significant number of shares.
The retailer's Chief Financial Officer has exercised LTIP options, acquiring nearly 300,000 shares.
The retailer announces a £25m share buyback programme, reflecting its strong financial position and disciplined capital allocation approach.
The retailer delivers a Q3 FY25 trading update in line with expectations, highlighting strong demand for luxury brands and a healthy balance sheet position.
The luxury watch retailer reported 4% revenue growth at constant currency for H1 FY25, with improved Q2 performance. However, profitability declined and net debt increased due to acquisitions, presenting a mixed financial picture.