Watches of Switzerland Hits Record Driven by US Watch Collectors

Watches of Switzerland Group Plc revenues surged to a record last year and profit will come in higher than expected after strong sales in the vital US market.

The company, one of the world’s top sellers of Rolex watches, said Thursday it now expects adjusted earnings before interest and tax of as much as £155 million ($210 million), ahead of previous guidance. This is on revenue that rose 13% to £1.8 billion in the 53 weeks to May 3.