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Watches of Switzerland profits soar on back of ‘robust’ UK and US markets

By Hugh Radojev10 December 2019

Watches of Switzerland

Watches of Switzerland has reported soaring profits and revenues as it praised the “robust” market for luxury watches both in the UK and the US.

For the half-year ending October 27, 2019, the luxury watch retailer reported that adjusted profit before tax was up 112% to £26.5m.

Wider group revenue was up 17.3% to £428.7m, with 10.3% like for like sales growth.