Elections to the Board of Directors at the next Ordinary General Meeting
Swatch Group proposes to the next Ordinary General Meeting of Shareholders on 8 May 2024 the re-election of all the members of its Board of Directors and the election of Marc A. Hayek as a new member of the Board. Marc A. Hayek has been a member of the Management Board since 2005 and is CEO of Blancpain. Marc A. Hayek is also President of the Breguet, Blancpain, Glashütte Original and Jaquet Droz brands and a member of the Board of Directors of Belenos Clean Power. The Swatch Group Board of Directors unanimously supports this nomination. With Marc A. Hayek, the Swatch Group Board of Directors will have seven members.
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Ordinary General Meeting of Shareholders
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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. …