Strong Financial Position
Samsonite maintains a robust financial position with net debt under control, calculated net leverage at 1.8 turns, and liquidity just shy of $1.4 billion.
Resilient European Market
Europe delivered strong results with 4.4% growth in Q1, and the trend remains positive for Q2, driven by demand for Samsonite and Tumi brands.
Positive Developments in India
India showed positive growth of 2.6% in Q1, a significant improvement from a 26% decline in Q4, with expectations of continued growth in Q2.
Innovative Product Launches
New product lines like Parallux, Light Geo, and the limited edition Roxkin material case highlight Samsonite's commitment to innovation and sustainability.
Effective Cost Management
Despite opening 64 net new stores, SG&A expenses remained flat, showcasing strong cost discipline across the company.