Casual bags maker Samsonite reports Q3 losses

08 Dec '05
1 min read

Casual bags maker Samsonite Corporation reported revenues for the nine months ended October 31, 2005 of $717.6 million compared to revenues of $659.4 million during the same nine-month period in the prior year.

Operating income for the first nine months of the year was $47.1 million compared to $42.8 million during the prior period.

Net loss to common stockholders for the first nine months of the year was $4.7 million, or $0.02 per share, versus $26.0 million, or $0.12 per share, during the prior period.

The net loss for the nine months ended October 31, 2005 included restructuring charges and expenses of $11.1 million and asset impairment charges of $5.5 million primarily related to the disposal of the Company's plant in Henin-Beaumont, France.

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Samsonite is one of the world's largest manufacturers and distributors of luggage and markets luggage, casual bags, business cases and travel-related products under brands such as SAMSONITE, AMERICAN TOURISTER, LARK, LACOSTE and SAMSONITE black label.

Samsonite Corporation

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