Swatch Group: Fire at ETA in Grenchen put out

Biel / Bienne – Grenchen (Switzerland), 29 December 2013
Today Sunday at around 8:45 A.M. a fire broke out in the galvanic department of the main building of ETA Manufacture Horlogère in Grenchen. While the workshop has been entirely destroyed, nobody was harmed. There was no activity in the workshop at the moment of the incident. Thanks to the swift and efficient intervention of the ETA-internal fireworkers and the fireworkers of the town of Grenchen, the fire could not expand to the neighbouring workshops. The fire was under control at 09:30 A.M. and put out shortly after.
The reasons of the incident are not yet known. The damages caused by the fire are considerable. It is nevertheless too early today to put a figure on the damage. As a measure of prevention and due to the heavy smoke the Police of Canton Solothurn have informed the population.
Related news

Ordinary General Meeting of Shareholders
The Ordinary General Meeting of Shareholders will be held in accordance with art. 12 ff. of the Articles of Association on Wednesday, May 21, 2025 at 10:00 a.m. (CEST), virtually, without physical presence of the shareholders.The Board of Directors decided to hold the General Meeting with no venue and by electronic means in accordance with art.…

Annual Report and Sustainability Report
The 2024 Annual Report of The Swatch Group Ltd is now available on our website. Download here: Swatch Group 2024 Annual Report Concurrently, Swatch Group is also publishing its 2024 Sustainability Report according to GRI standards. Download here: Swatch Group 2024 Sustainability Report

Key Figures 2024
Net sales of CHF 6 735 million, -12.2% against the previous year at constant exchange rates(-14.6% at current rates). Negative currency impact of CHF 192 million. Operating margin of 10.6% in the Watches & Jewelry segment (without Production). Improvement to 12.2% for the fourth quarter, or 14.1% for the month of December. …