Luxury Goods

Watches of Switzerland posts flat H1 sales

The group also confirmed adjusted EBIT margin 9.6% and statutory operating profit of £78m, down 16% on a reported basis, compared with £93m the prior year

The Watches of Switzerland Group has reported H1 revenues were relatively flat at £761m as it faced a “reduction in the broader jewellery market reflecting temporary softer consumer sentiment and a repositioning to full price sales in the US”.

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