Watches of Switzerland Group PLC (STU:5WS)
€ 6.75 0 (0%) Market Cap: 1.64 Bil Enterprise Value: 2.33 Bil PE Ratio: 32.83 PB Ratio: 2.47 GF Score: 84/100
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Q2 2021 Watches of Switzerland Group PLC Trading Statement Call Transcript

Nov 09, 2021 / 09:00AM GMT
Release Date Price: €13.1 (-3.68%)
Operator

Good day, and welcome to the Watches of Switzerland conference call. At this time, I would like to turn the conference over to Mr. Brian Duffy, CEO. Please go ahead, sir.

Hugh Brian Duffy
Watches of Switzerland Group plc - CEO & Director

Thanks, Simon. Good morning, everybody. Apologies for the slight delay in getting the call going. I just have to make sure we put everybody off the queue online. But thanks, everybody, for joining us.

You've obviously all seen our RNS, and I'm sure you've observed it and been through it. So I just want to add a couple of comments, some added color.

Overall, I'll call it, very pleased with the half year numbers that we're reporting, very strong performance, both U.K. and U.S. Half 1 sales up by almost 45% versus last year and 41% versus 2 years ago.

Our team continued to do a great job overall. The environment that we're in is a very strong one, we think, for our categories, both luxury watches and jewelry. And feeling as the demand continues to increase, further outpacing supply overall.

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