Resilience in European Market
European growth in Q1 was 4.4%, and it looks steady for Q2. This region has been performing well, benefiting from ongoing travel demand, with all brands experiencing growth.
Positive Performance in India
India showed a positive growth of 2.6% in Q1, improving from a 26% decline in Q4. The initiatives put in place are effectively shifting the trend in a positive direction.
Strong Financial Position
The company maintains a strong financial position with net debt well under control at just shy of $1.2 billion and liquidity of just under $1.4 billion.
Innovative Product Launches
New products like Parallux, Light Geo, and the limited edition Roxkin material case show strong innovation and sustainability efforts, expected to drive future growth.
Mitigation of Tariff Impacts
The company is taking decisive actions to mitigate tariff impacts, including price increases and strategic sourcing outside of China, showing agility in managing cost pressures.