Watches of Switzerland Group (WOSG) Q3 2025 TU earnings summary

Trading performance

• Q3 FY25 trading met expectations, with strong holiday sales in both UK and US markets.

• Demand for key luxury brands remains robust, with supply unable to meet interest in both regions.

• Pre-owned business and Roberto Coin brand in North America showed strong performance.

• UK market stabilized for luxury watches and jewellery; US market maintained momentum.

• Market share gains achieved in both UK and US, supported by showroom investments.

Strategic initiatives

• Integration of Hodinkee and Roberto Coin Inc. acquisitions is progressing well.

• Showroom development continued, with new and expanded locations in Florida and Colorado.

• Key projects for Q4 FY25 include new Rolex agencies and a flagship boutique in London.

Financial position and refinancing

• Balance sheet remains strong following refinancing of a $115 million term loan.

• New £150 million facility increases liquidity headroom by £50 million, enhancing flexibility.