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![Strong third quarter at Watches of Switzerland Group: Watches of Switzerland Group Strong third quarter at Watches of Switzerland Group](https://www.insidermedia.com/uploads/news/images/WOSG_1.jpg)
Revenue topped the £400m mark at Watches of Switzerland Group during the third quarter of its financial year, with the luxury retailer exiting the period with “good momentum”.
The listed company said revenue reached £407m in the 13 weeks to 29 January 2023, up from £348m in the third quarter of the prior year.
Meanwhile, the business has posted a revenue of £1.17bn for the nine months to the same date, rising from £934m.
Chief executive Brian Duffy said the “strong” Q3 performance is “testament to our continued investment in leading showroom design, the strength of our brand partnerships, our scale, our dedication to omnichannel excellence, and our exceptional client service”.
He added: “I would like to thank all my colleagues for their ongoing dedication and hard work, especially during the holiday period. Demand remains strong and continues to exceed supply, with client registration lists growing. We exited the quarter with good momentum and are pleased to reiterate our full year guidance.
“Looking ahead, we remain confident that our strategy will further enhance our leadership position as we continue to deliver on our Long Range Plan objectives.”
Watches of Switzerland Group is headquartered in Leicester.
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