Samsonite Group S.A. — Earnings Release 2011

Oct 26, 2011

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Samsonite®

SAMSONITE INTERNATIONAL S.A.

新秀麗國際有限公司*

13-15 Avenue de la Liberté, L-1931 Luxembourg

R.C.S. LUXEMBOURG: B 159469

(Incorporated in Luxembourg with limited liability)

(Stock code: 1910)

Trading Update at September 30, 2011

The Board of Directors of Samsonite International S.A. (together with its consolidated subsidiaries, the "Company") is pleased to present the unaudited trading update of the Company for the period ended September 30, 2011. This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

For the Three Months Ended September 30, 2011

The Company's net sales for the third quarter ended September 30, 2011 increased by 37.8% compared to the third quarter of 2010, excluding the effect of the termination of the Lacoste¹ and Timberland² licensing agreements, which were no longer active from December 2010. All four regions achieved strong double-digit net sales growth. Excluding Lacoste and Timberland, for the three months ended September 30, 2011 compared to the three months ended September 30, 2010:

• Net sales for our Asian region increased by US$54.7 million, or 52.3%,
• Net sales for our European region increased by US$34.1 million, or 33.9%,
• Net sales for our North American region increased by US$24.4 million, or 32.1%, and
• Net sales for our Latin American region increased by US$2.3 million, or 11.1%.

The Company's net sales for the third quarter of 2011 increased by 30.0% to US$420.4 million, compared to the third quarter of 2010, including sales of Lacoste and Timberland products.

¹ Lacoste is a registered trademark of Lacoste Alligator S.A.

² Timberland is a registered trademark of The Timberland Company.

• For identification purposes only

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The following table sets forth a breakdown of the net sales by region for the three months ended September 30, 2011 and September 30, 2010, both in absolute terms and as a percentage of total net sales.

	For the three months ended September 30,				2011 vs 2010 Increase (decrease)
	2011		2010
	US$'000	Percentage of Net Sales	US$'000	Percentage of Net Sales	Including Lacoste & Timberland	Excluding Lacoste & Timberland
Net Sales by Region
Asia	159,232	37.9%	109,876	34.0%	44.9%	52.3%
Europe	134,957	32.1%	111,717	34.5%	20.8%	33.9%
North America	100,381	23.9%	77,908	24.1%	28.8%	32.1%
Latin America	23,230	5.5%	21,189	6.6%	9.6%	11.1%
Corporate	2,588	0.6%	2,737	0.8%	(5.4)%	(5.4)%
Net Sales	420,388	100.0%	323,427	100.0%	30.0%	37.8%

Excluding foreign currency effects, consolidated net sales increased by 22.9% for the three months ended September 30, 2011.

For the Nine Months Ended September 30, 2011

The Company's net sales for the nine months ended September 30, 2011 increased by 39.7% compared to the same period in 2010, excluding the effect of the termination of the Lacoste and Timberland licensing agreements which were no longer active from December 2010. All four regions achieved strong double-digit net sales growth. Excluding Lacoste and Timberland, for the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010:

• Net sales for our Asian region increased by US$150.6 million, or 54.7%,
• Net sales for our European region increased by US$91.6 million, or 34.3%,
• Net sales for our North American region increased by US$70.8 million, or 32.9%, and
• Net sales for our Latin American region increased by US$17.8 million, or 27.9%.

The Company's net sales for the nine months ended September 30, 2011 increased by 32.9% to US$1,164.2 million compared to the nine months ended September 30, 2010, including sales of Lacoste and Timberland products.

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The following table sets forth a breakdown of the net sales by region for the nine months ended September 30, 2011 and September 30, 2010, both in absolute terms and as a percentage of total net sales.

| | For the nine months ended September 30, | | | | 2011 vs 2010
Increase (decrease) | |
| --- | --- | --- | --- | --- | --- | --- |
| | 2011 | | 2010 | | | |
| | US$'000 | Percentage of Net Sales | US$'000 | Percentage of Net Sales | Including Lacoste & Timberland | Excluding Lacoste & Timberland |
| Net Sales by Region | | | | | | |
| Asia | 426,794 | 36.7% | 288,180 | 32.9% | 48.1% | 54.7% |
| Europe | 360,690 | 31.0% | 295,060 | 33.7% | 22.2% | 34.3% |
| North America | 287,181 | 24.7% | 219,489 | 25.0% | 30.8% | 32.9% |
| Latin America | 81,424 | 7.0% | 64,531 | 7.4% | 26.2% | 27.9% |
| Corporate | 8,123 | 0.6% | 9,024 | 1.0% | (10.0)% | (10.0)% |
| Net Sales | 1,164,212 | 100.0% | 876,284 | 100.0% | 32.9% | 39.7% |

Excluding foreign currency effects, consolidated net sales increased by 26.5% for the nine months ended September 30, 2011.

By Order of the Board
Samsonite International S.A.
Timothy Charles Parker
Chairman

Hong Kong
October 26, 2011

As of the date of this announcement, the Executive Directors are Timothy Parker, Kyle Gendreau and Ramesh Tainwala, the Non-Executive Directors are Nicholas Clarry, Bruce Hardy McLain and Keith Hamill and the Independent Non-Executive Directors are Paul Etchells, Miguel Ko and Ying Yeh.