18 January 2024 - trading update
A sharp fall off in trade has been reported by the luxury watch reseller Watches of Switzerland over the important Christmas period with the company expecting revenues for the financial year to be between £1.53bn and £1.55bn as opposed to the previous guidance of between £1.65bn and £1.70bn. The shortfall is due to the challenging macro-economic conditions with no improvement in trading being expected by the group for the remainder of its financial year. The share price has plummeted by 36% to 371p as a result as profits will also . . .
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