Core Viewpoint - The company reported a decline in sales revenue for the quarter ending September 30, 2025, but showed improvements in operating profit and net profit attributable to shareholders compared to the same period last year [1] Group 1: Quarterly Performance - For the three months ending September 30, 2025, the company's sales revenue was $873 million, a decrease of 0.6% year-on-year [1] - Gross profit for the same period was $520 million, with a slight increase in gross margin to 59.6% [1] - Operating profit reached $139 million, reflecting a year-on-year increase of 4.6% [1] - Net profit for the quarter was $78.8 million, up 10.3% from $71.5 million in the previous year [1] - Profit attributable to equity holders was $73.5 million, an increase of 11.0% year-on-year [1] Group 2: Nine-Month Performance - For the nine months ending September 30, 2025, the company's sales revenue totaled $2.534 billion, a decrease of 4.2% year-on-year [1] - Gross profit for this period was $1.504 billion, with a decline in gross margin to 59.3% [1] - Net profit for the nine months was $209 million, down 18.3% compared to the previous year [1] - Adjusted net income was $187 million, a decrease of 26.3% year-on-year [1] - Net cash generated from operating activities was $253 million, down 26.2% year-on-year [1] Group 3: Share Buyback - During the reporting period, the company repurchased 16.69 million shares, resulting in a cash outflow of $42.9 million [1]

格隆汇11月12日｜新秀丽：第三季度调整后净利润6,360万美元，市场预估6,890万美元；销售净额8.727 亿美元，预估8.602亿美元；净利润7,350万美元。 ...

Core Viewpoint - Samsonite (01910) reported a net sales of $2.534 billion for the nine months ending September 30, 2025, representing a year-on-year decrease of 4.2% [1] - The profit attributable to equity holders was $192 million, down 18.6% year-on-year, with basic earnings per share at $0.138 [1] Sales Performance - The decline in net sales is attributed to macroeconomic uncertainties and changes in trade policies, leading traditional wholesale customers to be more cautious in their purchasing [1] - Consumer sentiment has weakened, resulting in reduced demand [1] Profitability Metrics - The gross profit margin for the nine months ending September 30, 2025, was 59.3%, a decrease of 60 basis points from 59.9% for the same period ending September 30, 2024 [1] - The unfavorable change in the regional sales mix, including a decline in sales from the higher-margin Asia region, contributed to the decrease in gross profit margin [1] Strategic Initiatives - Some strategic promotional measures aimed at boosting sales volume also impacted the gross profit margin [1] - The contributions from the TUMI brand and direct-to-consumer (DTC) channels partially offset the negative impacts on sales [1]

公告称，销售净额有所下降主要是由于在宏观经济不确定及贸易政策变动之下，传统批发客户在採购时 更趋审慎，以及消费者情绪转弱而令需求减少所致。 截至2025年9月30日止9个月的毛利率为59.3%，较截至2024年9月30日止9个月的59.9%下降60个基点。 此乃主要由于地区销售净额组合的不利变动，包括毛利率较高的亚洲区所占销售净额下降，以及一些为 推动销售量而实行的策略性促销措施所致，部分被TUMI品牌和DTC渠道在总销售净额中的贡献增加所 抵销。 智通财经APP讯，新秀丽(01910)发布截至2025年9月30日止9个月业绩，该集团取得销售净额25.34亿美 元，同比减少4.2%;股权持有人应占溢利1.92亿美元，同比减少18.6%;每股基本盈利0.138美元。 ...

截至2025年9月30日止九个月的毛利率为59.3%，较截至2024年9月30日止九个月的59.9%下降60个基 点。此乃主要由於地区销售净额组合的不利变动，包括毛利率较高的亚洲区所占销售净额下降，以及一 些为推动销售量而实行的策略性促销措施所致，部分被TUMI品牌和DTC渠道在总销售净额中的贡献增 加所抵销。 截至2025年9月30日止九个月，经调整净收入（一项非IFRS财务计量工具）为1.87亿美元，较截至2024 年9月30日止九个月的2.54亿百万美元减少66.7百万美元或26.3%。 截至2025年9月30日止九个月的经营溢利为377.6百万美元，较截至2024年9月30日止九个月的447.7百万 美元减少70.1百万美元或15.7%。 格隆汇11月12日丨新秀丽(01910.HK)公布2025年前三季度报告。截至2025年9月30日止九个月，销售净 额为25.34亿美元，而截至2024年9月30日止九个月则为26.46亿美元。与截至2024年9月30日止九个月相 比，截至2025年9月30日止九个月的销售净额减少111.9百万美元或4.2%（按不变汇率基准计算则减少 3.9%）。销售净额有所下降主 ...

Financial Performance - Samsonite Group reported unaudited consolidated financial results for the three and nine months ended September 30, 2025[3]. - For the three months ended September 30, 2025, net sales were $872.7 million, a decrease of 0.6% compared to $877.7 million for the same period in 2024[11]. - Gross profit for the same period was $519.8 million, slightly down by 0.1% from $520.1 million[11]. - Operating profit increased by 4.6% to $139.2 million from $133.0 million year-over-year[11]. - Net profit for the period rose by 10.3% to $78.8 million, compared to $71.5 million in the previous year[11]. - Adjusted net income decreased by 20.2% to $63.6 million from $79.7 million year-over-year[11]. - Adjusted EBITDA was $142.6 million, down 7.7% from $154.6 million in the same period last year[11]. - Adjusted free cash flow decreased by 31.3% to $64.7 million from $94.2 million year-over-year[11]. - For the nine months ended September 30, 2025, net sales were $2,534.3 million, a decrease of 4.2% from $2,646.2 million for the same period in 2024[15]. - Adjusted net income for the nine months ended September 30, 2025, was $187.0 million, a decrease of $66.7 million or 26.3% from $253.7 million for the same period in 2024[18]. Market and Product Strategy - The company aims to expand its product portfolio and market coverage, particularly in non-travel product categories[6]. - Direct-to-consumer (DTC) channel performance, including the expansion of self-operated retail stores and e-commerce platforms, is a key focus area[6]. - The company is committed to upgrading and expanding its retail store network and investing in software to enhance e-commerce capabilities[6]. - The company plans to continue sourcing a majority of products sold in the U.S. from regions outside of China[6]. - The strategy to expand non-travel product categories aims to mitigate the impact of global travel trends on business performance[37]. - The company is focused on continuous investment in innovation and product development to enhance brand and product appeal, which is crucial for sales growth[32]. Economic and Operational Risks - Risks related to consumer spending and overall economic conditions were identified as significant factors affecting business performance[5]. - Economic uncertainties have led to stricter consumer spending habits, negatively impacting demand for discretionary items, including the company's products[34]. - The company is focused on navigating global economic conditions and regulatory changes that may impact its operations[6]. Cash Flow and Financial Position - Future financial conditions, including cash flow and working capital, were highlighted as critical for the next twelve months[6]. - Cash flow from operating activities for the three months ended September 30, 2025, was $131.4 million, a decrease of $18.8 million or 12.5% from $150.2 million for the same period in 2024[14]. - As of September 30, 2025, cash and cash equivalents were $496.7 million, with total outstanding financial debt of $1,749.4 million, resulting in net debt of $1,252.7 million[18]. - The company reported a total equity of $1,562.2 million as of September 30, 2025, an increase from $1,545.0 million as of December 31, 2024[21]. Sales Performance by Region and Brand - Travel products accounted for 64.0% of net sales for the nine months ended September 30, 2025, while non-travel products made up 36.0%[29]. - In North America, net sales for the three months ended September 30, 2025, were $282.2 million, a decline of 4.6% from $295.8 million in 2024[41]. - European net sales increased by 5.6% to $221.0 million for the three months ended September 30, 2025, compared to $209.2 million in 2024[41]. - The sales of the Samsonite brand decreased by $13.9 million or 2.9% year-over-year, with a decline of 10.5% in North America and 4.5% in Asia[52]. - TUMI brand sales increased by 5.7% to $204.3 million compared to $193.3 million in the same period of 2024[50]. Expenses and Profitability - Marketing expenses for the three months ended September 30, 2025, were $53.0 million, a decrease of $2.7 million or 4.9% compared to $55.7 million for the same period in 2024, representing 6.1% of net sales[14]. - Distribution expenses increased by $17.4 million or 6.5% due to the opening of 43 new retail stores and increased employee benefits[75]. - General and administrative expenses decreased by $0.9 million or 1.6%, remaining stable at 6.3% of sales[77]. - The company reported a net profit margin of 8.2% for the nine months ended September 30, 2025, compared to 9.7% in the previous year[164]. Debt and Financing - The company’s total borrowings, net of deferred financing costs, were $1,743.2 million as of September 30, 2025[168]. - The company entered into a new interest rate swap agreement effective from August 30, 2024, which will fix approximately 31% of the principal amount of past senior credit facilities at a SOFR rate of about 4.6%, reducing interest rate risk[177]. - The new credit agreement includes $800.0 million in senior secured A term loans and $494.0 million in senior secured B term loans, totaling $1.294 billion in new term loan credit facilities[181]. Shareholder Returns - The company declared a cash dividend of $150.0 million to shareholders for the year ended December 31, 2024[18]. - The company repurchased 16,690,800 shares under its share repurchase program, resulting in a cash outflow of $42.9 million[18].

自发行2033年到期优先票据筹集的所得款项，连同现有现金以及新优先信贷融通项下的借款，已用于： 悉数偿还2026年到期优先票据本金总额3.5亿欧元(连同2026年到期优先票据的任何应计及未付利息);及 支付与此相关的应付费用、成本及支出。 新秀丽(01910)发布公告，有关Samsonite Finco发行本金总额3.5亿欧元息率4.375%的2033年到期优先票 据及本公司完成了新优先信贷融通的银团贷款安排及分配的相关事宜。于2025年11月11日，购买协议项 下所有先决条件均已达成，契约已签立，并已完成发行2033年到期优先票据。 ...

自发行2033年到期优先票据筹集的所得款项，连同现有现金以及新优先信贷融通项下的借款，已用于： 悉数偿还2026年到期优先票据本金总额3.5亿欧元(连同2026年到期优先票据的任何应计及未付利息);及 支付与此相关的应付费用、成本及支出。 智通财经APP讯，新秀丽(01910)发布公告，有关Samsonite Finco发行本金总额3.5亿欧元息率4.375%的 2033年到期优先票据及本公司完成了新优先信贷融通的银团贷款安排及分配的相关事宜。于2025年11月 11日，购买协议项下所有先决条件均已达成，契约已签立，并已完成发行2033年到期优先票据。 ...

格隆汇11月11日丨新秀丽(01910.HK)公告，新秀丽集团有限公司谨提述日期为2025年11月2日之公告， 内容有关(i)Samsonite Finco发行本金总额3.5亿欧元息率4.375%之2033年到期优先票据及(ii)公司完成了 新优先信贷融通的银团贷款安排及分配。 董事会欣然宣布，于2025年11月11日，购买协议项下所有先决条件均已达成，契约已签立，并已完成发 行2033年到期优先票据。自发行2033年到期优先票据筹集的所得款项，连同现有现金以及新优先信贷融 通项下的借款，已用于：(i)悉数偿还2026年到期优先票据本金总额3.5亿欧元(连同2026年到期优先票据 的任何应计及未付利息)；及(ii)支付与此相关之应付费用、成本及支出。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任 何損失承擔任何責任。 對2026年到期優先票據進行再融資之最新情況 SAMSONITE GROUP S.A. 新秀麗集團有限公司 新秀麗集團有限公司（「本公司」）謹提述日期為2025年11月2日之公告（「該公告」），內容有 關(i) Samsonite Finco發行本金總額350,000,000歐元息率4.375%之2033年到期優先票據及(ii)本公司 完成了新優先信貸融通的銀團貸款安排及分配。除另有所指外，本公告所用詞彙與該公告所界定 者具有相同涵義。 本公告僅供參考之用而並不構成收購、購買或認購本公告所述證券之邀請或要約。本公告並非亦不擬作為 於美國出售本公司證券之要約或要約購買本公司證券要約之游說。本公告所述證券概無及將不會根據美國 證券法或美國任何州之證券法登記，除根據美國證券法獲豁免或不受美國證券法所規限之交易外，概不可 在美國境內或向美國人士（定義見美國證券法 S 規例）或以其名義或為其利益提呈發售或出售。本 ...