IN BRIEF: Watches of Switzerland has minor Russia-Ukraine exposure

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Watches of Switzerland Group PLC - Leicester, England-based watch retailer - Says has ‘negligible’ exposure to Russian and Ukrainian customers and keeps annual guidance unchanged. ‘Our thoughts go out to everyone affected by the conflict, and we hope for a swift resolution and lasting peace,’ company says. In February, when presenting results for third quarter ended January 30, Watches of Switzerland guided for annual revenue at top end of £1.15 billion and £1.20 billion range. Revenue in financial 2021 amounted to £905.1 million.

Current stock price: 985.61 pence, up 3.9% on Tuesday in London

12-month change: up 57%

Copyright 2022 Alliance News Limited. All Rights Reserved.