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]

Core Insights - The company reported an adjusted net profit of $63.6 million for the third quarter, which was below market expectations of $68.9 million [1] - The net sales amounted to $872.7 million, exceeding the forecast of $860.2 million [1] - The net profit for the quarter was $73.5 million [1]

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]

Group 1 - The core viewpoint of the article highlights that Samsonite (01910) reported a decline in net sales and profit for the nine months ending September 30, 2025, attributed to macroeconomic uncertainties and changing trade policies [1] - The net sales amounted to $2.534 billion, representing a year-on-year decrease of 4.2% [1] - The profit attributable to equity holders was $192 million, down 18.6% compared to the previous year [1] Group 2 - The basic earnings per share were reported at $0.138 [1] - 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 in 2024 [1] - The decline in gross profit margin was primarily due to unfavorable changes in the regional sales mix, including a decrease in sales from the higher-margin Asia region, along with strategic promotional measures to boost sales volume [1] - The negative impacts were partially offset by increased contributions from the TUMI brand and direct-to-consumer (DTC) channels [1]

Core Insights - The company reported a decline in net sales for the first nine months of 2025, amounting to $2.534 billion, compared to $2.646 billion for the same period in 2024, representing a decrease of $111.9 million or 4.2% [1] - The gross profit margin for the first nine months of 2025 was 59.3%, down 60 basis points from 59.9% in the same period of 2024, primarily due to unfavorable changes in regional sales mix and strategic promotional measures [1] - Operating profit for the first nine months of 2025 was $377.6 million, a decrease of $70.1 million or 15.7% from $447.7 million in the same period of 2024 [1] Financial Performance - Adjusted net income for the first nine months of 2025 was $187 million, down $66.7 million or 26.3% from $254 million in the same period of 2024 [2]

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].

Core Viewpoint - Samsonite Finco has issued €350 million senior notes with a 4.375% interest rate maturing in 2033, and the company has completed a new senior credit facility arrangement and allocation [1] Group 1 - The total principal amount of the issued senior notes is €350 million, with a maturity date set for 2033 [1] - The proceeds from the issuance of the 2033 senior notes, along with existing cash and borrowings under the new senior credit facility, have been used to fully repay the principal amount of €350 million of the 2026 senior notes, including any accrued and unpaid interest [1] - The company has also covered related fees, costs, and expenses associated with this transaction [1]

Group 1 - The company Samsonite Finco issued €350 million of senior notes with an interest rate of 4.375% maturing in 2033 [1] - The company completed a new senior credit facility arrangement and distribution [1] - The proceeds from the issuance of the 2033 senior notes, along with existing cash and borrowings under the new senior credit facility, were used to fully repay the €350 million principal of the 2026 senior notes, including any accrued and unpaid interest [1]

Core Viewpoint - Samsonite Group has successfully issued €350 million of 4.375% senior notes due in 2033 and completed a new senior credit facility arrangement [1] Group 1: Financial Transactions - The company announced that all conditions precedent under the purchase agreement were met as of November 11, 2025, and the issuance of the senior notes has been completed [1] - Proceeds from the issuance of the senior notes, along with existing cash and borrowings under the new senior credit facility, will be used to fully repay €350 million of senior notes due in 2026, including any accrued and unpaid interest [1] - The funds will also cover related fees, costs, and expenses associated with the transactions [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 ...