Samsonite International S.A. reported global net sales on a currency-neutral basis at Gregory grew 6.8 percent in the six months ended June 30 while sales of High Sierra increased 1.9 percent.
Gregory’s net sales reached U.S.$29.1 million against $26.5 million, a gain of 10.0 percent.
High Sierra’s net sales grew to $45.0 million from $44.0 million, up 2.4 percent.
The company’s brands also include Samsonite,, Tumi, American Tourister, Speck and Kamiliant.
Companywide, according to the report, Samsonite International’s net sales increased 12.9 percent year-on-year to $1.85 billion. Excluding net sales attributable to the recently-acquired eBags business, net sales increased by 9.9 percent
The Group’s Adjusted EBITDA increased by 14.6 percent to $276.8 million. Adjusted EBITDA margin decreased slightly to 15.0 percent for the first half compared to 15.2 percent for the same period last year, primarily due to the inclusion of eBags, which delivered lower profitability as the group continued to integrate its operations. Excluding eBags, Adjusted EBITDA margin rose by 10 basis points to 15.5 percent
Samsonite International adjusted Net Income increased by 19.5 percent year-on-year to $119.8 million for the six months from $100.2 million for the same period in 2017.
