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WOSG Watches of Switzerland News Story

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Consumer CyclicalsSpeculativeMid CapNeutral

BRIEF-Watches Of Switzerland Group FY Adjusted Pretax Profit Rose 76% To 127 Million Stg

July 7 (Reuters) - Watches of Switzerland Group PLC
 WOSG.L :
    * FY ADJUSTED PRETAX PROFIT ROSE 76 PERCENT TO 127 MILLION
STG
    * FY ADJUSTED EBIT ROSE 68 PERCENT TO 130 MILLION STG
    * WATCHES OF SWITZERLAND - FY PERFORMANCE DRIVEN BY STRENGTH
OF
MODEL, GOOD MARKET CONDITIONS AND INTERNATIONAL DEVELOPMENT
    * WATCHES OF SWITZERLAND - STRONG START TO FY23 WITH
WAITLISTS
EXTENDING
    * WATCHES OF SWITZERLAND - FY GROUP REVENUE  1,238 MILLION
STG
VERSUS 905 MILLION STG YEAR AGO
    * WATCHES OF SWITZERLAND - FY OPERATING PROFIT OF 142
MILLION STG
VERSUS 82 MILLION STG
    * WATCHES OF SWITZERLAND - GROUP ENTERS FY23 WITH STRONG
MOMENTUM
AND ANTICIPATES THAT DISRUPTION FROM PANDEMIC IS NOW LARGELY
BEHIND US WITH ONGOING RECOVERY IN FOOTFALL AND AIRPORT TRAFFIC
    * WATCHES OF SWITZERLAND - FY23 GUIDANCE REFLECTS CURRENT
VISIBILITY OF SUPPLY OF KEY BRANDS AND CONFIRMED SHOWROOM
REFURBISHMENTS, OPENINGS AND CLOSURES

Source text for Eikon:  ID:nRSG6031Ra 
Further company coverage:  WOSG.L 

 ((Reuters.Briefs@thomsonreuters.com;;))

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