Samsonite International S.A. reported its financial results for the year ending December 31, 2024. The company achieved a net profit of $237.4 million, a significant turnaround from the previous year's net loss of $1.9 million. A notable business update includes the repurchase of 62.6 million shares, representing 4.3% of the issued share capital, which resulted in a total cash outflow of $157.6 million. Samsonite did not engage in any research and development activities during the financial year. The company continues to hold its investment in Samsonite Sub Holdings S.à r.l. at a net book value of approximately $1.945 billion.
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