In order to fully exploit the synergies within The Swatch Group Ltd., it has become necessary to restructure some of the Group's electronics businesses. In view of this, Swatch Group SA has decided to reorganize the operations of Omega Electronics. This company, active in the non-watchmaking sector, is part of the Swatch Group's "Electronic systems" division.
- The sports business will be merged with Swiss Timing's sports activities and all the employees will be transferred.
- The RFID (Radio Frequency Identification) business will be merged with EM Microelectronic-Marin's activities. All the jobs affected will be transferred.
- The P.I.S. (Passenger Information Systems) business will be taken over by the Swiss company PEL Passenger Electronics SA in Biel/ Bienne. All employees affected will be transferred to the new business.
- PEL is a new Swiss company belonging to Mr. R. Kossatz, owner of the German company Fernmeldewerk München-Aubing GmbH (FW).
Swiss Timing, a company in the Swatch Group, is the world leader for timekeeping at Olympic, international and top-level national sporting events.
EM Microelectronic-Marin, a company in the Swatch Group, is a world-class specialist offering high-tech solutions for energy-saving circuits and low-power products.
Biel / Bienne (Switzerland), March 14, 2019 – The 2018 Annual Report of The Swatch Group Ltd is now available. Download here: Swatch Group – Annual Report 2018 Contacts Media Bastien Buss, Corporate Communications Phone: +41 32 343 68 11 The Swatch Group Ltd, Biel/Bienne (Switzerland) E-mail: please use our «Contact Form» Investors Felix Knecht,…
Biel/Bienne, 1. February 2019 – Mr. Jean-Claude Eggen is released from the Extended Group Management Board by today. He keeps the function as responsible for the production business unit Swatch. Contacts Media Bastien Buss, Corporate Communications Phone: +41 32 343 68 11 The Swatch Group Ltd, Biel/Bienne (Switzerland) E-mail: please use our «…
Group net sales increased by 6.1% to CHF 8 475 million at current exchange rates (+5.7% at constant rates). Operating result increased by 15.2% to CHF 1 154 million. Operating margin increased from 12.5% in the previous year to 13.6%. Net income increased by 14.8% to CHF 867 million, with a net margin of 10.2% (previous year: 9.5%). Dividend proposal:…