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Samsonite Asia sales up 18pc in 2014, driven by China market

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Retail in Asia

Premium luggage maker Samsonite posted strong double-digit sales growth in all regions in 2014, led by Asia and North America.

The company said on Tuesday that net sales for the year ended on 31 December 2014 grew 17.3 percent to a record USD2.35 billion from the prior year. Adjusted net income jumped 9 percent to USD206.3 million. Excluding currency swings, adjusted net income advanced 12.3 percent. Adjusted EBITDA climbed 13.8 percent to USD384.3 million. It has been the fifth year the luggage maker posted double-digit growth in both net sales and Adjusted EBITDA.


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