Q2 2023 Watches of Switzerland Group PLC Trading Statement Call Transcript

Feb 15, 2024

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Nov 09, 2022 / 09:00AM GMT
Operator

Good morning, and welcome to the Watches of Switzerland Q2 Trading Update. My name is Charlie, and I'll be coordinating the call today. (Operator Instructions)

I'll now hand over to your host, Brian Duffy, Chief Executive Officer, to begin. Brian, please go ahead.

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

Thank you, Charlie. Good morning, everyone. Welcome to our call. Thanks for joining us. You'll be hearing from me, Brian Duffy, CEO of the group. I'll be giving some more background to our trading performance that we reported this morning. And then our CFO, Bill Floydd, will comment on our guidance, and then we'll both be happy to take whatever questions you have.

Quarter 2 fiscal year '23 was another strong quarter for our group, bringing to a close a strong first half. Q2 sales grew 30% at reported rates, 21% in constant currency. Half 1 sales grew 31% as reported and 23% in constant currency. There was some disruption during the quarter, but our model and our teams, in particular, prevailed and once again

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