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– Delsey’s full year 2022 results show net sales growth of 124% year-over-year, a 6x increase in EBITDA compared to pre-pandemic levels
PARIS, March 16, 2023 /PRNewswire/ — Delsey Paris, Europe’s leading manufacturer of premium luggage, today announced its 2022 operating results. Global net sales grew 124% year-over-year (‘YoY’) reaching 207 million euros, exceeding the levels prior to the 2019 pandemic and exceeding the recovery rate of the post-pandemic sector by almost 4 times. The EBITDA margin grew to 11.4% of net sales, 6 times pre-pandemic levels.
Davide Traxler, CEO of Delsey, said:
“We are proud to have achieved these results which cement our position as one of the world’s leading brands. We will work hard to build on this success and fulfill our ambition to reinvent the luggage building business in the new era of travel.”
Delsey’s growth numbers have been especially impressive in the US, where the company’s net sales in US dollars nearly tripled year-on-year to $96.6 million, outpacing the industry which rebounded at a rate of 35%. 6% year over year over the same period. The company’s strategy of introducing new premium product lines and brand partnerships with well-known companies such as Roland-Garros, Air France and others, turning luggage into an extension of clothing style. This has helped Delsey increase the average unit sales price by more than half, while increasing the number of units sold by 54%.
Founded in 1946 in France, Delsey was long ranked second in the global luggage market before facing financial difficulties in 2017-2018. Following the takeover by a group of investors led by Pemberton Asset Management, Delsey re-emerged as one of the world’s leading luggage brands. Delsey’s strategic priorities are to maintain current momentum and secure long-term growth by capitalizing on the ongoing recovery in the travel industry. According to the United Nations World Tourism Organization, international travel arrivals in 2022 recovered to 63% of pre-pandemic levels (compared to 2019). The global luggage market is projected to grow at a CAGR of 6-7% through 2030.
DELSEY PARIS is a French company founded in 1946. It sells its collections online and in more than 6,000 stores in more than 110 countries. It ranks number two in the global luggage market, which has a large number of players, and is a newcomer to the equally fragmented backpack market.
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