Watches of Switzerland Group Plc (WOSG.L, WOSGF) reported Thursday that its first-half profit before taxation fell 39 percent to 40.5 million pounds from last year's 66.5 million pounds.
Earnings per share were 12.2 pence, down from prior year's 19.7 pence.
Adjusted EBITDA dropped 7 percent from last year to 87 million pounds.
Revenue for the first half was 784.8 million pounds, 3 percent higher than last year's 761.4 million pounds. Revenue growth was 4% in constant currency, driven by growing demand in the UK and US, along with the acquisition of Roberto Coin.
In the second quarter, overall Group revenue increased 11% in constant currency.
Further, the company maintained its fiscal 2025 outlook.
On a pre-IFRS 16 basis, Watches Of Switzerland continues to project revenue in the range of 1.67 billion pounds to 1.73 billion pounds, a growth of 9% to 12% at constant currency.
The luxury goods maker continues to project its adjusted EBIT margin to expand by 0.2 percent to 0.6 percent from the prior year.
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