SAMSONITE INTL UNSP.ADR/5

Samsonite has the intention of completing its $200 million share buyback program before the current year ends. The company's net leverage ratio decreased from 2.15 times a year ago to 1.39 times as of June 30, 2024. I retain a Buy rating for Samsonite, as I have a favorable opinion of the company's initiatives relating to buybacks and debt reduction. » Mehr auf seekingalpha.com

Samsonite International S.A. (OTCPK:SMSOF) Q2 2024 Earnings Conference Call August 14, 2024 8:30 AM ET Company Participants William Yue - Senior Director of Investor Relations Kyle Gendreau - Chief Executive Officer Reza Taleghani - Chief Financial Officer Conference Call Participants Carlton Lai - Daiwa Chris Gao - CLSA Anne Ling - Jefferies Dustin Wei - Morgan Stanley Operator Good morning, good afternoon and good evening, ladies and gentlemen. » Mehr auf seekingalpha.com

Consolidated net sales increased by 2.8% 1  compared to  a strong first half in 2023  Gross profit margin expanded by 140 basis points year-on-year to 60.2% and Adjusted EBITDA margin 2  increased by 10 basis points to 18.9%, both first half records Profit attributable to the equity holders increased by 7.7% (+16.1% constant currency)  year-on-year to US$164.3 million Generated strong Free Cash Flow 3  of US$81.6 million, a year-on-year increase of US$18.2 million Total net leverage ratio 4  further improved to 1.39x, the lowest level since the 2016 acquisition of Tumi Company to pursue a dual listing of its shares in the United States HONG KONG , Aug. 14, 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 unaudited condensed consolidated interim financial information for the six-month period ended June 30, 2024. » Mehr auf prnewswire.com