Watches of Switzerland Group Plc (WOSG.L,WOSGF) reported full-year group revenue of 1.652 billion pounds, reflecting an 8% increase compared to last year in constant currency and a 7% rise on a reported basis, aligning with market expectations. Revenue in the UK and Europe grew by 2%, while the US market showed strong performance with a 16% increase in constant currency and a 14% rise on a reported basis.
Full year Adjusted EBIT is expected to be in line with market expectations.
As fiscal year 2026 begins, the uncertain economic outlook and potential changes to US tariffs remain important considerations. Despite these challenges, the luxury watch market continues to show strong fundamentals, and a unique business model supports growth in the underdeveloped US market.
The company plans to announce fiscal year 2025 results on 3 July 2025.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.