Watches of Switzerland unveils five-year plan as ‘strong momentum’ continues

Watches of Switzerland

Watches of Switzerland has created a new strategic plan to keep momentum going as its profits and sales soared during the pandemic.

The luxury specialist recorded a 4,000% increase year on year in statutory profit before tax, up from £1.5m to £63.7m in the 53 weeks to May 2.

Group revenues also soared 13.3% in constant currency to £905m, while its adjusted EBITDA grew 34.9% to £105.4m.

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