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Samsonite net sales increased by 17.3%

Staff writer |
Samsonite posted double-digit growth in both net sales and Adjusted EBITDA for the fifth year running.

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Samsonite's net sales for the year ended December 31, 2014 increased by 17.3% to a record $2,350.7 million with strong growth across all regions. US Dollar reported net sales increased by 15.4%.

Asia – 18.0% year-on-year net sales growth.
North America – 22.9% year-on-year net sales growth.
Europe – 10.4% year-on-year net sales growth.
Latin America – 15.7% year-on-year net sales growth.

Profit attributable to shareholders increased to $186.3 million, representing year-on-year growth of 5.8%, or 16.3% excluding acquisition costs and foreign exchange translation losses. Adjusted net income increased to $206.3 million, representing year-on-year growth of 9.0%, or 12.3% excluding foreign exchange translation losses.

Adjusted EBITDA increased to $384.3 million, representing 13.8% year-on-year growth. Net sales of the American Tourister and High Sierra brands continued to deliver strong growth with an increase of 19% and

24.9% year-on-year, respectively, while the Samsonite and Hartmann brands saw solid net sales growth of 10.2% and 10.3%1, respectively.

Good progress was made across all four product categories: travel – net sales increased by 10.9%1 to $1,654.4 million; casual – net sales increased by 25.1% to $252.1 million; business – net sales increased by 34.6% to $256.2 million; and accessories – net sales increased by 76.3% to $147.2 million.

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