Samsonite Group SA

01910: XHKG (HKG)
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Samsonite Earnings: Weak Organic Growth and Rising Marketing Costs Reinforce Margin Concerns

Samsonite's third-quarter sales grew 1% in constant currency, while operating margin excluding one-off items fell about 280 basis points year over year to 11.5%. The firm also completed its acquisition of Béis on Oct. 1, which will contribute to revenue starting in the fourth quarter.

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