
Half-Year Report 2025
The USA, Japan and India continue to have great growth potential. The Group expects a further reduction of inventories at Chinese retailers and thus a recovery in orders. E-commerce in China continues to show positive signs of increased consumption. As a result, the Group also expects production capacity utilization to improve, driven in particular by numerous new product launches in all price segments.

The Swatch Group
Swatch Group is an international group active in the design, manufacture and sale of finished watches, jewelry, watch movements and components.
Swatch Group supplies nearly all components required by its 16 watch brands, and Swatch Group companies supply movements and components to third-party watchmakers in Switzerland and around the world. Please be sure to visit our brands' websites to learn more about their fantastic products.
Swatch Group is also a key player in the manufacture and sale of electronic systems used in watchmaking and other industries.
Swatch Group employs more than 32'000 persons in over 50 countries. Net sales in 2024 amounted to 6.735 billion Swiss francs.
