Core Viewpoint - Samsonite Group S.A. announces the retirement of Timothy Charles Parker as Board Chair after the 2026 Annual Meeting, with Jerome Squire Griffith set to take over the role, indicating a leadership transition within the company [1][4]. Group 1: Leadership Transition - Timothy Charles Parker has been the Chairman since the company's incorporation in 2011, having previously held various leadership roles since 2008 [2]. - Jerome Squire Griffith, an independent non-executive member of the Board since 2016 and former CEO of Tumi Holdings, will assume the Chairman role [1][3]. Group 2: Leadership Impact - Parker expressed gratitude for his tenure, highlighting the strengthening of Samsonite's global leadership and growth during his time [4]. - Kyle Gendreau, CEO of Samsonite Group, acknowledged Parker's visionary leadership and contributions over nearly two decades [4]. Group 3: Future Outlook - Griffith emphasized the honor of leading the Board and the commitment to leveraging the company's market leadership for continued global growth [4].

Core Insights - Samsonite Group S.A. reported a consolidated net sales of US$3,497.6 million for the year ended December 31, 2025, reflecting a decrease of 2.5% year-over-year, primarily due to cautious purchasing by wholesale customers amid macroeconomic uncertainty [2][41] - The company achieved a gross profit margin of 59.6% and an adjusted EBITDA margin of 17.3% for the year, despite facing challenges from U.S. tariffs and a difficult market environment [2][5] - In the fourth quarter of 2025, net sales increased to US$963.3 million, a 2.2% rise year-over-year, indicating a sequential improvement from previous quarters [1][9] Financial Performance - For the fourth quarter ended December 31, 2025, the company generated adjusted free cash flow of US$170.0 million, up 25.7% year-over-year [1][38] - The gross profit for the fourth quarter was US$581.1 million, with a gross profit margin of 60.3%, a slight increase from the previous year [1][28] - Adjusted EBITDA for the fourth quarter was US$195.4 million, with an adjusted EBITDA margin of 20.3%, showing a decrease of 40 basis points year-over-year [7][35] Sales Performance by Region - In the fourth quarter of 2025, net sales in Asia increased by 5.1% year-over-year, while Europe saw a 0.9% increase, indicating positive growth in these regions [11][14] - North America experienced a decline of 2.8% in net sales year-over-year, although this was an improvement from a larger decline in the previous quarter [13][44] - Latin America reported a slight decrease of 0.6% in net sales, primarily due to a significant decline in Mexico [15][46] Sales Performance by Brand - The TUMI brand achieved a 3.6% increase in net sales during the fourth quarter, marking its second consecutive quarter of positive growth [18] - The Samsonite brand saw a decrease of 0.4% in net sales year-over-year, but this was a significant improvement compared to a larger decline in the previous quarter [16][19] - American Tourister's net sales decreased by 3.4% year-over-year, although this represented a sequential improvement from the previous quarter [19] Strategic Initiatives - The company plans to enhance its marketing spend to approximately 6.5% of net sales in 2026, up from 5.9% in 2025, to drive brand awareness and long-term growth [6][30] - Samsonite is focused on expanding its direct-to-consumer (DTC) channels, which accounted for 45.1% of net sales in the fourth quarter of 2025, up from 43.1% in the same period of 2024 [26][27] - The company is also progressing towards a potential dual listing of its securities in the United States, which is expected to enhance shareholder value over time [6][50]

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。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 SAMSONITE GROUP S.A. 新秀麗集團有限公司 13–15 Avenue de la Liberté, L-1931 Luxembourg R.C.S. LUXEMBOURG: B 159.469 （於盧森堡註冊成立之有限公司） （股份代號：1910） (1) 董事會主席之退任 (2) 董事會主席之委任 (3) 提名委員會組成之變動 新秀麗集團有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，自本公司將於 2026 年 6 月 4 日召開之股東週年大會（「股東週年大會」）結束後起，(a)Timothy Charles Parker 先生將退任董事會主席兼非執行董事之職務；(b)獨立非執行董事 Jerome Squire Griffith 先生將獲委任為董事會主席；及(c)董事會轄下提名委員會（「提名委員會」）之 ...

Financial Performance - Samsonite Group reported a significant increase in revenue, achieving $1.5 billion for the fiscal year ending December 31, 2025, representing a 15% year-over-year growth[2]. - For the fiscal year ending December 31, 2025, the company's net sales amounted to $3,497.6 million, a decrease of 2.5% compared to $3,588.6 million for the fiscal year ending December 31, 2024[13]. - Gross profit for the fiscal year ending December 31, 2025, was $2,084.7 million, down 3.1% from $2,152.2 million in the previous year, resulting in a gross margin of 59.6%[13]. - Operating profit decreased by 16.1% to $527.7 million in 2025 from $629.3 million in 2024[13]. - Net profit for the year was $312.5 million, reflecting a 16.1% decline from $372.6 million in the prior year[13]. - Adjusted net income fell by 20.7% to $293.4 million in 2025 from $369.8 million in 2024[13]. - Adjusted EBITDA decreased by 11.2% to $606.8 million in 2025 compared to $683.0 million in 2024, with an adjusted EBITDA margin of 17.3%[13]. - The company reported a free cash flow of $246.3 million, down 20.8% from $311.0 million in the previous year[13]. - Basic earnings per share (EPS) decreased by 12.8% to $0.208 in 2025 from $0.239 in 2024[13]. - Diluted EPS also saw a decline of 12.7%, falling to $0.207 in 2025 from $0.237 in 2024[13]. Sales and Market Strategy - The company highlighted a 20% increase in direct-to-consumer (DTC) sales, driven by the expansion of its e-commerce platform and retail stores[5]. - Samsonite aims to increase its market penetration in emerging markets by 25% within the next two years, capitalizing on strong growth potential[5]. - The DTC channel's net sales accounted for 41.7% of total net sales in 2025, up from 39.8% in 2024, indicating a strategic focus on direct-to-consumer growth[20]. - The non-travel product category's net sales represented 36.4% of total net sales in 2025, compared to 34.3% in 2024, reflecting the company's expansion into new product lines[20]. - The company plans to open 31 new retail stores in 2025, bringing the total number of self-operated retail stores to 1,150 by December 31, 2025[28]. Future Outlook - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, supported by new product launches and market expansion strategies[5]. - Global travel demand is projected to continue growing in 2026, which is expected to support consumer demand for the company's products[22]. - The company anticipates strong long-term profit growth, driven by product innovation and sustainable development initiatives[22]. - The company anticipates maintaining sales growth momentum in Q1 2026, although it now expects sales to be roughly flat compared to Q1 2025 due to ongoing geopolitical conflicts[31]. Investment and Innovation - The company plans to invest $200 million in research and development to enhance product innovation and sustainability initiatives over the next three years[5]. - Approximately 40% of sales in 2025 are expected to come from products containing recycled materials, following the successful global launch of the Paralux TM series[29]. - The company is focusing on expanding its product portfolio, with plans to introduce 15 new product lines in the upcoming year[5]. Cost Management and Efficiency - The company reported a gross margin of 45%, reflecting improved operational efficiency and cost management strategies[5]. - The gross margin for the fiscal year ending December 31, 2025, was 59.6%, down 40 basis points from 60.0% for the fiscal year ending December 31, 2024, primarily due to increased strategic promotional activities and U.S. tariffs[18]. - Marketing expenses for the fiscal year ending December 31, 2025, were $206.4 million, a decrease of $20.6 million or 9.1% from $227.0 million for the fiscal year ending December 31, 2024, representing 5.9% of net sales[18]. Shareholder Returns - The company plans to return approximately $192.9 million to shareholders in 2025 through cash dividends of $150.0 million and share repurchases of $42.9 million[21]. - The board has proposed a cash dividend of $140.0 million for 2026, pending approval at the upcoming annual general meeting[21]. - The company distributed $150.0 million in cash to equity holders during the year[51]. Audit and Compliance - Management is responsible for preparing and fairly presenting the consolidated financial statements in accordance with IFRS standards, ensuring that internal controls are in place to prevent material misstatements due to fraud or error[40]. - The auditors are tasked with obtaining reasonable assurance that the consolidated financial statements are free from material misstatement, whether due to fraud or error[42]. - The audit identified the sufficiency of audit evidence regarding net sales as a key audit matter, requiring subjective judgment from the auditors[39]. Debt and Financing - The company issued $1,698.8 million in senior notes due 2033, while settling $1,688.6 million in senior notes due 2026[53]. - Total debt as of December 31, 2025, is $1,748.2 million, a decrease from $1,778.9 million as of December 31, 2024[173]. - The company entered into a revised credit agreement on November 6, 2025, establishing $800.0 million in A term loans and $494.0 million in B term loans[178]. - The company must maintain a total net leverage ratio not exceeding 4.50:1.00 and a cash interest coverage ratio of no less than 3.00:1.00 under the financial covenants of the 2025 Priority Credit Facility[185]. Impairment and Asset Management - The company recognized a non-cash impairment expense of $12.0 million for certain trademarks as of the year ending December 31, 2025, due to their carrying amounts exceeding recoverable amounts[133]. - The total impairment expenses recognized for the year ending December 31, 2025, amounted to $14.0 million, which includes $12.0 million for trademarks and $1.9 million for leasehold assets and property, plant, and equipment[136]. - The company assessed that there were no impairment triggers for property, plant, and equipment as of December 31, 2024, indicating stable asset values[141].

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的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對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的任何損失承擔任何責任。 SAMSONITE GROUP S.A. 新秀麗集團有限公司 13–15 Avenue de la Liberté, L-1931 Luxembourg R.C.S. LUXEMBOURG: B 159.469 （於盧森堡註冊成立之有限公司） (股份代號: 1910) 於 2026 年 3 月 19 日（星期四）舉行之 股東大會及股東特別大會 表決結果 股東大會表決結果 於 2026 年 3 月 19 日舉行之新秀麗集團有限公司（「本公司」﹚股東大會（「股東大會」） 上，列載於 2026 年 2 月 16 日的股東大會通告內的建議決議案以點算股數方式表決。投票 表決結果如下： | | | 票數 （約佔投票股份總數之 | | | --- | --- | --- | --- | | | 普通決議案* | 百分比） | | | | | 贊成 | 反對 | | 1. | 授予本公司董事發行授權，根據本公司日期為 ...

Investment Rating - The report assigns a "Buy" rating to Samsonite (01910) with a target price of HKD 24.8 [1] Core Insights - The report anticipates that the recent U.S. Supreme Court ruling on the legality of tariffs and subsequent adjustments will effectively reduce the tariff rate faced by Samsonite to a low single-digit percentage within the next five months [1] - It is expected that Samsonite's U.S. wholesale customers will take advantage of this window period to replenish inventory, which will drive revenue recovery in the U.S. market amid strong travel demand [1] - Concerns regarding a potential 15% discount on the issuance price and related share dilution have contributed to the stock's weakness since mid-February, overshadowing the potential for a valuation reassessment in line with global peers following the U.S. listing [1] - Positive indicators have been observed from the performance of global airlines, online travel agencies, hotels, and luxury goods companies, suggesting a favorable revenue trend for Samsonite [1] - Over the past seven quarters, Samsonite's revenue trend has shown a high correlation with LVMH [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Samsonite Group S.A. 新秀麗集團有限公司 呈交日期: 2026年3月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01910 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,500,000,000 | USD | | 0.01 | USD | | 35,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 3,500,000,000 | USD | | 0.01 | USD | | 35, ...

Group 1 - The company, Samsonite (01910.HK), announced a board meeting scheduled for March 19, 2026, to consider and approve the full-year performance for the year ending December 31, 2025 [1] - The agenda includes a proposal for cash dividends to shareholders [1] - Other matters will also be addressed during the board meeting [1]

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的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對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 引致的任何損失承擔任何責任。 Samsonite Group S.A. 新秀麗集團有限公司 (「本公司」) 董事會 (「董事會」) 兹通告謹定於 2026 年 3 月 19 日 (星期四) 舉行董事會會議，以 (i) 考慮及通過本公司及其附屬公司截至 2025 年 12 月 31 日止年度的全年業績 、 (ii) 考慮向股東支付現金股息之建議，以及 (iii) 處理其他事 項。 承董事會命 SAMSONITE GROUP S.A. 新秀麗集團有限公司 John B. Livingston 聯席公司秘書 美國馬薩諸塞州曼斯菲爾德， 2026 年 2 月 27 日 於本公告日期，執行董事為 Kyle Francis Gendreau ，非執行董事為 Timothy Charles Parker ，以 及獨立非執行董事為 Claire Marie Bennett 、 Angela Iris Brav 、 Jerome Squire Gri ...

Core Viewpoint - Samsonite (01910) is seeking shareholder approval for a dual listing of shares in the U.S. through American Depositary Shares (ADS), which is expected to enhance accessibility for global investors and create long-term value for shareholders [1] Group 1: Stock Performance - Samsonite's stock rose by 4.07%, reaching HKD 19.44, with a trading volume of HKD 42.77 million [1] Group 2: Dual Listing Proposal - The company plans to seek authorization for a dual listing, with the issuance valid until the conclusion of the shareholder annual meeting on June 4, 2026 [1] - The new shares will be issued at a discount of no more than 15% from the last closing price and will not be priced at a discount of 20% or more from the benchmark price [1] Group 3: Fund Utilization - Proceeds from the issuance will primarily be used for operational and capital expenditures, repayment of existing debts, share buybacks, and potential acquisitions [1] Group 4: Share Dilution Impact - The maximum limit for the new issuance is approximately 138 million shares, representing 9.97% of the total issued shares after excluding treasury shares [1] - Following the dual listing, the company plans to cancel approximately 79.31 million treasury shares, resulting in an estimated net dilution impact of about 4.0% after the cancellation [1]