According to a research report published by Citigroup, Samsonite's adjusted net profit for the second quarter was better than expected. The adjusted EBITDA profit margin was 16.1%. If US tariffs were deducted, the refund was 14.1%, compared with 13.1% in the first quarter and 16.3% in the same period last year. Revenue fell short of expectations, falling 1.7% year over year to US$852 million at a fixed exchange rate. Management expects net sales growth in the third quarter at a fixed exchange rate to be similar to that of the second quarter, which is lower than market forecasts. Revenue and profit margins may continue to be under pressure in the second half of the year due to weak consumer confidence and a slowdown in global travel demand. Citigroup fine-tuned its earnings estimates, and the target price rose slightly from HK$16 to HK$16.3, renewing the “Buy” rating. The company still intends to complete a dual listing in the US this year under improved conditions. The business sees this as a potential catalyst for revaluation.

According to a research report published by Citigroup, Samsonite's adjusted net profit for the second quarter was better than expected. The adjusted EBITDA profit margin was 16.1%. If US tariffs were deducted, the refund was 14.1%, compared with 13.1% in the first quarter and 16.3% in the same period last year. Revenue fell short of expectations, falling 1.7% year over year to US$852 million at a fixed exchange rate. Management expects net sales growth in the third quarter at a fixed exchange rate to be similar to that of the second quarter, which is lower than market forecasts. Revenue and profit margins may continue to be under pressure in the second half of the year due to weak consumer confidence and a slowdown in global travel demand. Citigroup fine-tuned its earnings estimates, and the target price rose slightly from HK$16 to HK$16.3, renewing the “Buy” rating. The company still intends to complete a dual listing in the US this year under improved conditions. The business sees this as a potential catalyst for revaluation.