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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 159.469 ( Incorporated in Luxembourg with limited liability ) ( Stock code : 1910 ) QUARTERLY REPORT FOR THE PERIOD ENDED MARCH 31 , 2021 The Board of Directors of Samsonite International S.A. ( the " Company " ) , together with its consolidated subsidiaries ( the " Group " ) , is pleased to present the unaudited consolidated financial and business review of the Group as of March 31 , 2021 and for the three month period then ended , together with comparative figures for the three month period ended March 31 , 2020. This announcement is made pursuant to the Inside Information Provisions of Part XIVA of the Securities and Futures Ordinance and Rule 13.09 ( 2 ) ( a ) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited . Summary Financial Results and Financial Highlights Summary Financial Results During the three months ended March 31 , 2021 the impacts of COVID - 19 on the Company's business remained significant due to the continuation or re - imposition of certain government - mandated restrictions and lockdowns that led to temporary closures of certain retail stores in which the Company's products are sold , quarantines and social- distancing required or recommended by governments , and continued significant reductions in travel and discretionary spending among consumers , leading to reduced demand for many of the Group's products ( collectively , the " COVID- 19 Impacts " ) . During 2020 , the Group's management took steps to enhance the Company's liquidity and further improve its resilience in response to the COVID - 19 Impacts . In addition to strengthening the Company's liquidity , the Group aggressively reduced its operating expenses to mitigate the impact of lower sales on profit and cash flow as well as to right - size the business for the future . Management continues to tightly manage the Group's operating expenses ( see Management Discussion and Analysis - Impact of COVID - 19 for further discussion ) . In this announcement , certain financial results for the three months ended March 31 , 2021 are compared to both the three months ended March 31 , 2020 and the three months ended March 31 , 2019. Comparisons to the first quarter of 2019 are provided because it is the most recently ended comparable quarter during which the Company's results were not affected by COVID - 19 . During the first quarter of 2020 the COVID - 19 Impacts did not have a significant effect on the Company's financial results until the month ended February 29 , 2020 , with the most pronounced effects occurring during the month ended March 31 , 2020 as the virus spread worldwide . The effects of COVID - 19 on the Group's financial results during the first quarter of 2020 were most pronounced in the Asia region , which was significantly impacted beginning with the Chinese New Year in late January 2020 , followed by Europe , North America and Latin America during March 2020 with the spread of COVID - 19 to these regions . 1