Swatch Group changes from IFRS back to Swiss GAAP ARR
The Board of Directors of the Swatch Group decided during its meeting today to change the Group's accounting practice: from IFRS back to Swiss GAAP ARR.
The change will be implemented on January 1, 2013. Swiss GAAP allows the Swatch Group as a Swiss company to use a recognized accounting practice that is ideal for industrial companies such as the Swatch Group. The cost-benefit ratio is reasonable and takes account of the special needs of a Swiss industrial company.
By making this move, the Swatch Group is returning to a more practical and less theoretical accounting practice than is the case with IFRS.
Related news
Ordinary General Meeting of Shareholders
At the Ordinary General Meeting of Shareholders of The Swatch Group Ltd on Tuesday 12 May 2026, Mr. Andreas Rickenbacher was elected as a new member of the Board of Directors with 92.2% of the votes cast in his favor. Andreas Rickenbacher's profile and professional background are significant assets that will support the Group's strategy.Andreas…
Message from the Chair
Message of Nayla Hayek, Chair of the Swatch Group Board of Directors, on the occasion of the Annual General Meeting of May 12, 2026, in Biel (BE), Switzerland. The original spoken text (in German) is valid. Ladies and gentlemen, fellow shareholders, I will keep this brief today, as we will need some time at today’s Annual General Meeting to deal…
Ordinary General Meeting
The Ordinary General Meeting of Shareholders will be held in accordance with art. 12 ff. of the Articles of Association on Tuesday, May 12, 2026 at 10:00 a.m. (CEST), virtually, without physical presence of the shareholders. The Board of Directors decided to hold the General Meeting with no venue and by electronic means in accordance with art.…