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Samsonite International SA (1910.HK)

1910.HK on Hong Kong Stock

29.40HKD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Samsonite International SA Says Ramesh Dungarmal Tainwala Will Cease To Be CEO
Friday, 1 Jun 2018 

June 1 (Reuters) - Samsonite International SA <1910.HK>::RAMESH DUNGARMAL TAINWALA WILL CEASE TO BE CHIEF EXECUTIVE OFFICER.RAMESH DUNGARMAL TAINWALA SUBMITTED HIS RESIGNATION; WILL CEASE TO BE CEO AND EXECUTIVE DIRECTOR.KYLE FRANCIS GENDREAU HAS BEEN APPOINTED AS NEW CHIEF EXECUTIVE OF COMPANY.IN PROCESS OF IDENTIFYING A CANDIDATE TO SUCCEED KYLE FRANCIS GENDREAU AS CFO.MADE APPLICATION FOR RESUMPTION OF TRADING IN COMPANY'S SHARES WITH EFFECT FROM 9:00 A.M. ON JUNE 1.  Full Article

Samsonite Updates On Refinancing Of Senior Credit Facilities
Friday, 20 Apr 2018 

April 20 (Reuters) - Samsonite International SA <1910.HK>::UPDATES ON REFINANCING OF SENIOR CREDIT FACILITIES THROUGH ISSUANCE OF 350 MILLION 3.500 PCT SENIOR NOTES DUE 2026 OF SAMSONITE FINCO.SAMSONITE FINCO, GUARANTORS ENTERED PURCHASE AGREEMENT WITH INITIAL PURCHASERS IN CONNECTION WITH ISSUE BY SAMSONITE FINCO.NEW SENIOR CREDIT FACILITIES CONSIST REVOLVING FACILITY OF $650 MILLION, TERM LOAN A FACILITY OF $828 MILLION AND TERM LOAN B FACILITY OF $665 MILLION.COMPLETED SYNDICATION AND ALLOCATION OF ITS NEW SENIOR CREDIT FACILITIES.  Full Article

Samsonite International posts third quarter profit attributable $‍56.6​ million
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Samsonite International SA <1910.HK>:Qtrly profit attributable $‍56.6​ million versus $31.7 million a year ago.Qtrly ‍net sales $915.6 million versus $765.3 million.  Full Article

Samsonite International posts FY profit attributable of $255.7 mln
Wednesday, 15 Mar 2017 

Samsonite International SA <1910.HK> : FY profit attributable to equity holders US$255.7 million versus US$197.6 million . FY net sales increased to US$2.81 billion, reflecting an increase of 17.3 pct on a constant currency basis . "With an improving outlook in some of our bigger markets, we expect better results in coming year" . Following refinancing of senior credit facilities in Feb 2017, cash interest cost is expected to fall by about $16.0 million in first year . India was affected by government's demonetization initiative, recording a 0.5 pct dip in constant currency net sales FY 2016 . On March 15, 2017 board announced cash distribution of about US$0.0687 per share, up 4.3 pct from distribution paid in 2016 .Board recommended cash distribution in amount of US$93.0 million, or about US$0.0659 per share for 2016.  Full Article

Samsonite posts HY net profit of US$82.4 million<1910.HK>
Monday, 29 Aug 2016 

Samsonite International SA <1910.HK>: Interim results announcement for the six months ended June 30, 2016 <1910.HK> . HY net profit US$82.4 million versus US$94.4 million last year . Says HY net sales increased to a record level of US$1.21 billion, reflecting an increase of 4.1% . Looking ahead to rest of year, expect challenging market conditions and currency headwinds to continue impacting business . Says "in the Chinese market, there are significant upheavals arising from the rapid growth of e-Commerce" .  Full Article

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Samsonite CEO makes hasty exit after short-seller attack, shares surge

SHANGHAI/HONG KONG Samsonite International SA said CEO Ramesh Tainwala had stepped down, leaving less than week after a short-seller attacked accounting practices that involved entities owned by his family and accused him of resume padding.