Watches of Switzerland Group’s revenue update for the first half of FY26 (the 26 weeks to late October) included some strong positive numbers on Thursday.

Group revenue of £845 million was up 10% at constant currency and 8% at reported rates as demand for luxury watches remained “robust” and continued to exceed supply.

It also said H1 FY26 adjusted EBIT will be between £66 million and £68 million, with an EBIT margin down around 50 bps vs the prior year, in line with full-year guidance.

Luxury watches revenue rose 10% at constant currency as did luxury jewellery revenue, the latter now making up 12% of group revenue with luxury branded jewellery outperforming.

Certified Pre-Owned continued to perform strongly too and in line with expectations. The company said it’s “firmly established

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