Archive
SWATCH GROUP: Half-Year Report 2021
SWATCH GROUP: Half-Year Report 2021 Net sales of CHF 3 392 million, +54.6% to the previous year at constant exchange rates, or +54.4% at current rates. Operating profit of CHF 402 million compared with operating loss of CHF -327 million in the previous year. Operating margin of 11.9%. Watches & Jewelry segment (excluding Production) with a…
Ordinary General Meeting of Shareholders
Decisions taken by the Swatch Group shareholders at the Ordinary General Meeting of Tuesday, May 11, 2021 Biel/Bienne (Switzerland), May 11, 2021 - The Ordinary General Meeting of Shareholders has been held in accordance with Article 12 ff of the Articles of Association and Article 27 of the Ordinance 3 on Measures to Combat the Coronavirus (COVID…
Annual Report 2020
Biel / Bienne (Switzerland), March 18, 2021 – The 2020 Annual Report of The Swatch Group Ltd is now available. Download here: Swatch Group – Annual Report 2020
Swatch Group Media Conference
For those who could not watch Swatch Group’s Media Conference, here’s the link to the video: https://www.youtube.com/watch?v=1XOF1fbuvGs
Swatch Group: Key Figures 2020
Group net sales for the full year of CHF 5 595 million, -28.7% compared with the previous year at constant exchange rates, or -32.1% at current rates. The currency-related sales loss amounted to CHF 286 million. Operating result of CHF 52 million (previous year: CHF 1 023 million), or CHF 99 million, excluding the discontinued business unit…
Half-Year Report 2020
SWATCH GROUP: Half-Year Report 2020 After a strong January with an operating margin of 21.4% in the Watches & Jewelry segment (without Production) and 17.3% for the overall Group, massive decline due to state-ordered closings of at times up to 80% of distribution channels worldwide. Group net sales of CHF 2 197 million, -43.4% to the previous…