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, enthusiasm and dynamism throughout these years. This departure is effective as of February 1, 2025.
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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. …
Half-Year Report 2024
Net sales of CHF 3 445 million, -14.3% against the previous year at current exchange rates (-10.7% at constant rates). Negative currency impact of CHF -145 million. Operating profit of CHF 204 million (previous year: CHF 686 million). Operating margin of 5.9% (previous year: 17.1%). Net income of CHF 147 million (previous year:…
Apprenticeship graduation
This content is not available in English. Please see the German version below or the French version. Wir gratulieren unseren Lernenden zur bestandenen Lehrabschlussprüfung! Die Firmen und Marken der Swatch Group Blancpain, CHH Microtechnique, Comadur, Diantus Watch, Dress your body, EM Microelectronic-Marin, ETA, Glashütte Original,…