Ordinary General Meeting of Shareholders
The Ordinary General Meeting of Shareholders has been held virtually in accordance with article 12 ff. of the Articles of Association on Wednesday, May 8, 2024. The shareholders approved, by a large majority, all proposals submitted by the Board of Directors, including the election of Mr. Marc A. Hayek as a new member of the Board of Directors.
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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. …
Change in the Executive Management Board
Mr. François Thiébaud has decided to take a well-deserved retirement after 29 years with the Group. Mr. François Thiébaud has been a member of the Swatch Group Executive Group Management Board since 2006 and was President and CEO of the Tissot brand for 25 years, from 1996 to 2020. Swatch Group thanks him warmly for his remarkable commitment,…