Press Release - Sales 2001

Despite difficult economic and political conditions, the Swatch Group Ltd achieved a modest rate of organic growth of 0.7 % in local currency in 2001. This performance is all the more remarkable since, on the one hand, the comparable period in 2000 closed with record results in all sectors and, on the other, no effect of new acquisitions is included. The sale respectively the phasing out of a number of product groups, such as components for the medical sector and measuring instruments of the Cary Division at Nivarox-FAR, components for the automobile industry at Universo-Plastik and other products, diminished the turnover by over CHF 20 million compared to the previous year.

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