Swatch Group: 1st half 2002 results

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• Sales of watches up +1.1% in local currency terms
• Marked increase in the profitability of watch movement and component production
• Decline in electronic component sales, especially in the telecom sector, due to prevailing market conditions
• Negative currency effect for the Group: –3.4% equivalent to approximately –CHF 70 million
• Further expansion in the retail trade according to plan
• Strong balance sheet ratios with shareholders’ equity of CHF 3.3 billion or 73% of assets
• Operating result –CHF 28 million (–9,4%) and net income –CHF 31 million (–13,1%) below previous year.

Documento PDF (in inglese) (306 KB)
Documento PDF (in tedesco) (122 KB)
Documento PDF (in francese) (314 KB)

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Swatch Group: 1st half 2002 results