Some time ago

Samsonite has been occupying headlines, but it has not yet completed its Tumi acquisition. Recently, it has issued a report on its 2015 annual performance, and announced that it will adjust its business.

It is reported that Samsonite's net sales in the 2015 fiscal year, excluding the impact of the exchange rate, recorded an increase of 11.9%.

At that time, the group achieved double-digit growth for sixth consecutive years, with an increase of 3.5% to 2 billion 432 million 500 thousand dollars in net sales.

In the Chinese market, the second largest single market recorded an increase of 11.1% to $252 million 700 thousand. However, the chairman of the group did not feel proud of it.

Instead, it means that it will continue to maintain double-digit growth in the Chinese market by changing the strategy of sales channels, strengthening the combination of non tourism products and expanding the coverage of the mass market.

On the other hand, Samsonite has been adjusted for the whole year.

EBITDA was $401 million 200 thousand, up 4.4% over the same period last year, and net profit rose 6.11% to $197 million 600 thousand a year.

The diluted earnings per share rose from $0.146 in the previous fiscal year to $0.154, so the group will plan to distribute cash dividends of $0.0659 per share.

In addition, the group said it would not buy any brand this year, nor did it plan to expand the luxury market.

Affected by this news, the stock price opened 3.08% higher on the day, up 4.05% during the early trading period, but then fell down to 0.19% at the close.

It is HK $25.85.