Half Year Results 

Watches of Switzerland targets US growth

Watches of Switzerland targets US growth

Watches of Switzerland (WOSG) only listed its shares in June and is still working through the costs associated with an IPO, which caused a pre-tax loss for the year to October. Strip out those costs and adjusted cash profits rose by almost a quarter to £41m on a 9.6 per cent margin, a 50 basis point improvement on the prior year. Management is optimistic about its prospects in the US, and it’s not hard to see why: sales rose 42.1 per cent in the period, or 7.5 per cent on a like-for-like basis.

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