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IN BRIEF: Watches of Switzerland has minor Russia-Ukraine exposure

ALN

Watches of Switzerland Group PLC - Leicester, England-based watch retailer - Says has ‘negligible’ exposure to Russian and Ukrainian customers and keeps annual guidance unchanged. ‘Our thoughts go out to everyone affected by the conflict, and we hope for a swift resolution and lasting peace,’ company says. In February, when presenting results for third quarter ended January 30, Watches of Switzerland guided for annual revenue at top end of £1.15 billion and £1.20 billion range. Revenue in financial 2021 amounted to £905.1 million.

Current stock price: 985.61 pence, up 3.9% on Tuesday in London

12-month change: up 57%

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