Watches of Switzerland sales and profits soar in record year

Interior of Watches of Switzerland’s Regent Street store

Watches of Switzerland has posted a “record” year of revenue and profitability, entering 2024 “significantly ahead” of what it previously forecast as strong momentum across the US, UK and Europe continues.

Watches of Switzerland reported adjusted EBITDA of £201m for the full year to April 30, 2023, which was up 24% year on year.

The luxury watch retailer reported a 25% increase in group revenue to reach £1.5bn for the period.

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