Brand Samsonite To Expand Products In The Next Two Or Three Years

P Samsonite International SA Samsonite International Limited, the world's largest tourist suitcase retailer, said it would spend $1 billion in the next two or three years to expand its products.

< /p >

"P Samsonite International SA (1910.HK) Samsonite CEO Timothy Parker" pointed out: "our assets are stable and able to afford a paction of US $1 billion.

We think there are many opportunities in the market. "

He said that the group has not yet entered the market of handbags and low-end suitcases, and the market share of three products, such as outdoor, business and leisure, is also small. Therefore, we must promote diversified product layout.

However, he emphasized that the group would not buy in the luxury sector.

< /p >

< p > this is the information disclosed by Timothy Parker in the press conference held after the release of interim results of Samsonite International SA (1910.HK) Samsonite 2013 fiscal year.

< /p >

< p > in the interim earnings report, Samsonite International SA (1910.HK) Samsonite pointed out that in the six months ended June 30, 2013, the group generated cash of $56 million 700 thousand in business activities, and in June 30, 2013, the group's net cash was $156 million 200 thousand.

< /p >

< p > net profit increased by 5.1% to US $94 million 700 thousand over the same period, higher than the market expectation of US $90 million 330 thousand, diluted earnings per share of US $0.06, operating profit increased by 17.8% to 136 million 200 thousand US dollars per annualized year, and the profit before adjusted EBITDA interest rate depreciation and amortization was 163 million 700 thousand US dollars, up 19.9% over the same period.

< /p >

< p > a new record of net sales to $983 million 600 thousand, a 16.2% increase over the same period in 2012.

Wholesale channels rose 16.2% to 799 million US dollars compared to the same period last year, while retail sales reached 179 million US dollars, up 17% from the same period last year, of which e-commerce sales increased by 111.9% and the same store sales growth rate was 6.7%.

< /p >

P is still the largest market in Asia, with 37.6% net sales coming from the region, with a net sales of US $370 million, an increase of 14% over the same period last year, of which China accounted for 25.2% of Asia's sales (9.5% of the total group's revenue). China's economy continued to moderate, resulting in a decline in China's sales growth to 10.3%, while South Korea led the Asian market with a 38.2% increase.

North American sales recorded a high growth rate of 30.2%, and sales rose to $310 million.

Europe and Latin America grew by 7% and 8.1% to 237 million US dollars and 61 million 510 thousand US dollars respectively.

< /p >

< p > the entry-level brand American Tourister leads the Group sales growth with the sales growth rate of 25.7%, while the core brand Samsonite Samsonite has recorded an increase of 5.5%.

< /p >

< p > the group added 650 sales points in the first half of the year. In June 30, 2013, it had more than 45600 outlets in 100 countries.

< /p >

Ramesh Tainwala, President of the Asia Pacific and Middle East region of Samsonite P Samsonite International SA (1910.HK), said in a news conference that it will raise its products by 10% and 7% respectively in the Japanese and India markets to compensate for the losses caused by the depreciation of the local currency.

At the beginning of this year, the group had raised 10% and 8% prices for products from Japan and India.

< /p >