ftxgamingunit| Big Bank Rating| Jefferies: Lowering Samsonite's target price to HK$34.4 and lowering its 2024 - 26 profit forecast

Jeffery published a research report stating thatftxgamingunit, Samsonite's adjusted EBITDA in the first quarter and sales performance in Eurasia were lower than expected. The bank lowered the group's net profit forecast from 2024 to 2026 by 2%, 3%, and 3%, respectively, with a target price of 36%.ftxgamingunit.3 Hong Kong dollar lowered to 34ftxgamingunit.4 Hong Kong dollars.

In the second quarter, the bank expected the group's adjusted EBITDA to be $185 million.ftxgamingunit; Profit margin was 19.4%; sales increased by 6.3% in local currency, with North America, Asia, Europe, and Latin America growing by 2.5%, 5.2%, 13%, and 18.2% respectively. For the full year of this year, the bank expects adjusted EBITDA of $759 million and a profit margin of 19.5%, an increase of 0.2 percentage points.