Swarovski Crystal Business 2023 Results [Yahoo! Finance]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
NASDAQ:AMEX Investor Relations:
essilor.com/en/investors
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Source: Yahoo! Finance
MÄNNEDORF, Switzerland and WATTENS, Austria March 13, 2024 /CNW/ -- The family-owned Swarovski Crystal Business announced today its results for the fiscal year ending December 31, 2023 The company posted solid and broad-based growth of +4% to €1,832m vs. the previous year, building on robust +10% like-for-like* growth, well above market growth in a slowing luxury market, and a volatile geopolitical and macro-economic environment. EBIT before restructuring costs returned to positive territory for the first time since 2019, despite significant adverse foreign exchange impact. The strong fourth quarter was key in lifting the overall performance in 2023, with a sales growth of +9%, and EBIT before restructuring costs reaching the highest level since Q3 2018. These 2023 results reconfirm Swarovski's strategic direction aimed at reaffirming its iconic heritage in today's contemporary spirit, and the business model transformation underway. "These strong results further reconfirm t
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