Samsonite net sales for year increased 11.9%Staff writer ▼ | March 17, 2016
Samsonite’s net sales for the year ended December 31, 2015 increased by 11.9% to a record $2,432.5 million with strong constant currency growth across all regions. US Dollar reported net sales increased by 3.5%.
Samsonite Profit attributable to shareholders increased to $197.6 million
Adjusted Net Income increased to $216.9 million, representing year-on-year growth of 5.2%, or 9.5% on a constant currency basis.
Adjusted EBITDA increased to $401.2 million, representing 4.4% year-on-year growth, or 12.6% on a constant currency basis.
Net sales of the American Tourister brand continued to deliver strong growth with an increase of 16.7%, while the Samsonite brand saw steady net sales growth of 5.7%.
Samsonite comprised 61.3% of 2015 net sales compared to 65.3% in 2014, reflecting the continued diversification of the Group’s brand portfolio.
Two acquisitions were completed during 2015 which, combined with a 30.8% increase in direct-toconsumer e-commerce sales, contributed to the 22.5% net sales growth in the Group’s retail channel. ■