Samsonite group sales and profits fall in first half 2025

Samsonite Group reported a 6.0% decrease in net sales to $1,661.7 million for the six months ended June 30, 2025, compared to $1,768.5 million in the same period of 2024. Profit for the period fell by 29.4% to $130.0 million. Adjusted EBITDA also declined by 19.4% to $268.7 million, with the adjusted EBITDA margin at 16.2%, down from 18.9% in 2024. These declines were primarily attributed to increased macroeconomic uncertainty, shifting trade policies, and weaker consumer sentiment, which led wholesale customers to purchase more cautiously.

The company's core brands, Samsonite and TUMI, showed more resilience, with net sales decreasing by 4.7% and 2.5%, respectively. However, the American Tourister brand experienced a more significant 12.7% decline. Despite these challenges, the non-travel product category saw a slight increase of 0.1% in net sales, reflecting efforts to diversify beyond core travel offerings. Cash generated from operating activities decreased by 36.9% to $121.7 million. Preparations for a potential dual listing in the United States remain ongoing, with management confident this will enhance shareholder value over time.