Watches of Switzerland Group PLC (LSE:WOSG) on Thursday reported higher first-half revenue as growth in the US offset more modest trading in the UK and Europe.
The company said group revenue rose to £845 million for the 26 weeks to 26 October 2025, up 10% in constant currency.
Earnings (adjusted EBIT) increased 6% to £69 million, though the margin slipped to 8.1% due to changes in margin rates and product mix.
The company said the US accounted for almost 60% of profitability in the period, with revenue in the region up 20% in constant currency to £409 million.
"We have delivered a strong first half, with group revenue up 10% in constant currency," CEO Brian Duffy said. He said the second half had started in line with expectations and noted the recent tariff reduction on Swiss imports in the US as a positive sector development.
The group reiterated full-year guidance and reported strong free cash flow of £48 million.