Watches of Switzerland Group PLC (STU:5WS)
€ 6.7 0.1 (1.52%) Market Cap: 1.64 Bil Enterprise Value: 2.33 Bil PE Ratio: 32.54 PB Ratio: 2.45 GF Score: 82/100
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Half Year 2024 Watches of Switzerland Group PLC Earnings Call Transcript

Dec 07, 2023 / 09:00AM GMT
Release Date Price: €7.3 (-0.68%)
Brian Duffy
Watches of Switzerland Group PLC - Chief Executive Officer, Executive Director

Good morning, everyone. Thank you for joining our webcast and call on the results of the Watches of Switzerland Group for the half year to October '23, we have previously reported Q2 and H1 revenues to the market. And we have presented the status of the company and plans for our group with our LRP. And therefore, this presentation is reasonably concise, allowing more time for Q&A.

But agenda this morning, I'll present an overview of the group's performance, Anders Romberg, our CFO, will then present the financials. Then we will present a summary of our LRP headlines and numbers together, following which we'll open the lines for Q&A. We are very pleased with our strong first half performance in the UK and the US despite a challenging economic environment, good revenue growth of 2% at constant currency, flat at reported rates.

Strong US revenue growth of plus 11% and constant currency. Adjusted EBITDA of GBP94 million was 8% down at constant currency, 10 at reported rates. EBIT of GBP73

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