Watches of Switzerland Reports 15% H1 Revenue Growth and Narrows FY27 Guidance
Revenue rose 15% to £974 million in the 26 weeks ending 1 November 2026. Watches of Switzerland expects adjusted EBIT of £87–89 million, about 28% year-on-year growth, and narrowed FY27 guidance to 7–10% constant-currency revenue growth and 60–80 basis points of EBIT margin expansion.
Watches of Switzerland Group PLC announced its H1 FY27 trading update for the 26 weeks ending 1 November 2026, reporting a 15% increase in group revenue to £974 million. The company expects adjusted EBIT of £87—89 million, representing approximately 28% year-on-year growth and 80—100 basis points of margin expansion. Net debt was reduced by £88 million to £24 million compared to the previous year. Driven by strong performance in both the US and UK markets, the group has narrowed its FY27 guidance to 7—10% constant currency revenue growth and 60—80 basis points of EBIT margin expansion.
CEO Brian Duffy attributed the results to the company's market position and enduring demand for luxury watches and jewellery.