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Watches of Switzerland Group PLC ( (GB:WOSG) ) has shared an update.
Watches of Switzerland Group PLC reported that trading over the holiday period in both the UK and US was robust, aligning with expectations and supporting their FY25 guidance. Strong demand for luxury brands, particularly products on registration lists, continues to outpace supply, aiding market share gains in both regions. The integration of recent acquisitions and showroom expansions, including new Rolex boutiques, are progressing well, enhancing the company’s strategic positioning. The Group’s financial stability is reinforced by refinancing efforts, providing additional liquidity and flexibility. Overall, the Group is confident in achieving its FY25 targets due to favorable trading performance, supply visibility, and upcoming showroom developments.
More about Watches of Switzerland Group PLC
The Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK, US, and Europe. It comprises seven prestigious brands, including Watches of Switzerland, Mappin & Webb, Goldsmiths, Mayors, Betteridge, Analog:Shift, and Hodinkee, with a complementary jewellery offering. The Group also owns exclusive distribution rights for Roberto Coin in various regions and has a significant presence in Heathrow Airport.
YTD Price Performance: 0.18%
Average Trading Volume: 598,753
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.34B
Learn more about WOSG stock on TipRanks’ Stock Analysis page.
