Watches of Switzerland Group Raises Full-Year Forecast as Sales Grow 15%
Watches of Switzerland Group reported a 15% year-on-year increase in revenue to £974 million for the six months to November 1, 2026. The strong first-half performance led the company to raise its FY27 revenue growth forecast to 7–10% and its expected adjusted EBIT margin improvement to 60–80 basis points. EBIT is forecast at £87–89 million, while net debt fell to £24 million. Sales in America rose 22% at constant currency to £501 million, making it the group’s largest market, while UK revenue increased 9% to £473 million. Growth in the US benefited from a full six months of trading at Deutsch & Deutsch, acquired in January. The company said trading momentum remains good in both markets but expects slower revenue growth and more moderate margin expansion in the second half, partly because it has one fewer trading week and will annualize the acquisition.
Buying Time Analysis: The story matters because Watches of Switzerland raised its FY27 revenue and margin forecasts after first-half sales grew 15%, led by strong US and UK performance.
