Watches of Switzerland Group has revealed that revenue reached £765 million in H1, representing a growth of 23% at constant currency. The luxury watch
What happened
Watches of Switzerland Group has revealed that revenue reached £765 million in H1, representing a growth of 23% at constant currency.
Why it matters
The luxury watch company saw "continued strong demand" for luxury watches and jewellery, with growth driven by increases in average selling price and volume. It also highlighted "excellent progress" with its showroom expansion and refurbishment programme.
For the H1 period ending 30 October, Watches of Switzerland Group also reported:
Brian Duffy, Chief Executive Officer, said: "I am pleased with our strong performance in the first half of the financial year which reflects our leadership position and the strength of our longstanding brand partnerships as we continue to take market share.
This news brief is based on reporting published by TheIndustry.fashion on 2022-12-14. The original report is linked below.
TheIndustry.fashion
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