RNS Number: 5962 S Watches of Switzerland Group PLC 10 July 2020. Watches of Switzerland Group PLC. Notice of Full Year Results and First Quarter Trading Update Announcement.
RNS Number: 1077 O Watches of Switzerland Group PLC 27 May 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Watches of Switzerland Group Plc #WOSG Announced, in its FY20 trading and financing update, that group revenue for the year to 26 April 2020 increased by 5.9% to £819.3 million (FY19: £773.5 million), ahead of the recently guided range of £809.0 million to £812.0 million, driven by strong ecommerce sales. Performance had been strong for the first 46 weeks of the year when the lockdown of stores came into effect, with US stores closed from 19 March 2020 and UK stores closed from 23 March 2020. For the first 46 weeks of the year to 15 March 2020, total group revenue increased 15.8% with Like-for-like4 ("LfL") sales up 9.3% versus the prior year period. This was driven by sales of luxury watches, which rose 19.3% during this period. Net debt as at 26 April 2020 was £131.4 million, which compares to the guidance provided prior to the Covid-19 pandemic of £120.0 million to £130.0 million. The total available facilities in place as of 13 May 2020 are approximately £265.0 million. As of 13 May 2020, the group's liquidity post refinancing is approximately £83.0 million. The group is confident it has sufficient financial headroom at year-end to sustain operations under a scenario of continued store closures and dampened consumer sentiment for a prolonged period. The group expects adjusted pre-IFRS 16 EBITDA for the full year to 26 April 2020 to be in the range of £75.0 million and £78.0 million.
Highlights· FY20 Group revenue 1 increased 5.9% to £819.3 million, ahead of recently revised guidance range. §UK sales for 52 weeks to 26 April 2020 up 0.6% to £591.6 million. §US sales for 52 weeks to 26 April 2020 up 22.9% to £227.7 million.
RNS Number: 1473 M Watches of Switzerland Group PLC 06 May 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 1462 M Watches of Switzerland Group PLC 06 May 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2192 L Watches of Switzerland Group PLC 28 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2184 L Watches of Switzerland Group PLC 28 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 1796 L Watches of Switzerland Group PLC 28 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 8245 K Watches of Switzerland Group PLC 24 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 4381 J Watches of Switzerland Group PLC 09 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 4348 J Watches of Switzerland Group PLC 09 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0742 J Watches of Switzerland Group PLC 07 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5994 I Watches of Switzerland Group PLC 02 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5972 I Watches of Switzerland Group PLC 02 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2206 H Watches of Switzerland Group PLC 23 March 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2098 H Watches of Switzerland Group PLC 23 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2065 H Watches of Switzerland Group PLC 23 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Watches of Switzerland Group Plc #WOSG announced, in its business update in light of the ongoing and rapidly evolving situation regarding COVID-19, that for the 7 weeks to 15 March 2020, group revenue increased ahead of expectations, up 16.8% relative to the prior year and Like-for-Like sales increased 12.0% relative to the prior year. As a result of the COVID-19 outbreak, during this period, the company’s travel and tourism business were adversely impacted by reduced footfall. This impacted the trading in stores located within the airports, in London, and in Las Vegas. It has taken steps to eliminate discretionary expenditure, reduce working capital and where possible, delay capital projects.
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Company Profile

Watches of Switzerland Group is the leading multi-channel luxury watch retailer in the UK and a leading retailer of luxury watches in selected regions of the US, a resilient luxury product category in two of the most important global markets for luxury watches

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