Samsonite International S.A. Announces Final Results for the Year Ended December 31, 2023
SAMSONITE INTL UNSP/ADR (SMSEY)
NASDAQ:AMEX Investor Relations:
samsonite.com/investors/home.do
Company Research
Source: PR Newswire
Consolidated net sales increased by 30.4%1, 2 year-on-year driven by strong growth across all regions and core brandsGross profit margin and Adjusted EBITDA margin3 expanded significantly in 2023, driven by increased net sales contribution from higher-margin Asia region and Tumi brand as well as benefits from our more efficient cost structureContinued to deleverage balance sheet, driven by strong profit growth and Free Cash Flow4 with net leverage ratio5 at lowest level since 2016 acquisition of TumiHONG KONG, March 13, 2024 /PRNewswire/ -- Samsonite International S.A. ("Samsonite" or "the Company", together with its consolidated subsidiaries, "the Group"; SEHK stock code: 1910), a leader in the global lifestyle bag industry and the world's best-known and largest travel luggage company, today published its final results for the year ended December 31, 2023.In this press release, certain financial results for the year ended December 31, 2023, are compared to both the year ended Decemb
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