Samsonite rises on annual profit beat, higher dividend

Samsonite SA

13/03/2025 03:39

** Shares of luggage bags manufacturer Samsonite Group SA 1910.HK rise 3.6% to HK$20.2, on track for their biggest one-day gain since December 23, 2024

** Stock set to snap three straight sessions of fall

** Luxembourg-based company said its 2024 profit attributable to the equity holders fell 12.9% y/y to $345.6 million, compared with an average forecast of about $339 mln profit for the year

** Co said net sales slid 2.5% y/y to $3.59 billion and it declared a final dividend of $0.1074 per share vs $0.1026 each in the previous year

** Hang Seng Consumption Index .HSCGSI falls 1.2%, Hang Seng Index .HSI slips 0.3%

** Stock down 8.4% YTD

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))