Watches of Switzerland

Watches of Switzerland Group PLC (LSE:WOSG) revealed it expects full-year profits to have slipped year-on-year after its sales failed to grow. Underlying earnings are forecast to reach between £133 million and £136 million, representing a drop from 2023's £165 million. » Mehr auf proactiveinvestors.co.uk

Watches of Switzerland Group PLC (LSE:WOSG) has made “an acquisition consistent with the stated strategy of a target ripe for further development” with the purchase of luxury jewellery brand Roberto Coin, according to Jefferies analysts. FTSE 250-listed Rolex merchant WOSG announced the acquisition of Roberto Coin Inc for $130 million (£104 million), marking a strategic move into the luxury jewellery sector. » Mehr auf proactiveinvestors.co.uk

A tough luxury market has rebased RBC's outlook on Rolex merchant Watches of Switzerland Group PLC (LSE:WOSG)'s earnings, though analysts still see an upside in the FTSE 250-listed company's share price. According to RBC, WOS is positioned to meet reduced full-year expectations, with revenues anticipated to hit the lower end of the company's guidance range between £1.53 billion and £1.55 billion. » Mehr auf proactiveinvestors.co.uk