Jul 08, 2021 / 08:00AM GMT
Hugh Brian Duffy - Watches of Switzerland Group plc - CEO & Director
Good morning, everyone. Thank you for joining us, and welcome to the presentation of the Watches of Switzerland Group financial results for the year ended April 2021. My name is Brian Duffy. I'm the CEO of the group, and I'll be presenting an update for the year. And then our CFO, Anders Romberg, will present the financials and our outlook for fiscal year '22. We will then have some time for your questions. Fiscal year '21 was one of the strong growth for our group at plus 13.3% in constant currency despite the COVID restrictions that disrupted retail in almost every aspect of daily life. Our U.S. division delivered outstanding growth of 38.5% in U.S. dollars despite significant reductions in traffic. Our U.K. division delivered an equally outstanding growth of 3.6% despite the closure of our store for 26 weeks of the year and very little tourist and airport business. Adjusted EBIT came in at plus 38.9%, which Anders will comment more on.
I'm very proud of our amazing team and the spirit shown during this year. We have
Full Year 2021 Watches of Switzerland Group PLC Earnings Call Transcript
Feb 15, 2024
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