Trade Watches of Switzerland Group plc - WOSG CFD

Watches of Switzerland Group plc Company profile

About Watches of Switzerland Group PLC

Watches of Switzerland Group PLC is a retailer of watches in the United Kingdom. The Company also offers jewelry, fashion and classic watches and a range of watch and jewelry aftercare services to its customers. The Company offers watches through its own-branded Watches of Switzerland, Mappin and Webb, Goldsmiths and Mayors stores. The Company has approximately 138 core stores across the United Kingdom and United States. Its multi-channel presence has been established through a network, which includes multi-brand stores in travel retail, online platforms and a portfolio of mono-brand boutiques in partnership with Rolex, TAG Heuer, OMEGA, Audemars Piguet and Breitling. The Company’s portfolio consists of approximately 122 stores in the United Kingdom and approximately 31 stores in the United States.

Financial summary

BRIEF: For the 26 weeks ended 31 October 2021, Watches of Switzerland Group PLC revenues increased 42% to £586.2M. Net income increased 79% to £51.6M. Revenues reflect UK segment increase of 42% to £418.6M, US segment increase of 40% to £167.6M, U.K segment increase of 42% to £418.6M, US segment increase of 40% to £167.6M, Retail Sales UK watch & jewellery increase of 32% to £418.6M. Net income benefited from UK segment income increase of 88% to £55.7M.