Half-Year Report 2019

Halfyear Report
Swatch Group

  • Group net sales of CHF 4 078 million, -3.7% at constant exchange rates compared to a very strong previous year, and -4.4% at current rates. 
  • Operating result of CHF 547 million, -13.0% to the previous year. Operating margin amounted to 13.4% versus 14.7% in the previous year.
  • Net income of CHF 415 million, -11.3% to the previous year, with a net margin of 10.2%, com-pared to 11.0% in the previous year.
  • Further growth in the major markets of Mainland China, Japan and the USA, in all price seg-ments.
  • Uncompromising action against grey market dealers, especially in Europe, the Middle East, Eastern Europe and South America, at the expense of a short-term negative impact on sales in the first half year in the triple-digit millions. In the long term, this will lead to positive effects, especially in the major markets.
  • Strong organic sales growth in the Group’s own retail.
  • Marked increase in e-commerce, especially in the middle and basic segment.
  • Positive overall annual growth for the Group expected.

Outlook second half-year 2019

The Swatch Group anticipates strong growth in the second half of 2019, on the one hand, due to continuing solid demand in the most important markets, and on the other hand, due to the fact that the second half of 2018 was characterized by a poor fourth quarter.

The launch of numerous innovative new products by the brands in all price segments will further stimulate sales. The successfully implemented e-commerce, especially in the middle and basic segment, will generate dynamic growth in the second half of the year. 

The Group expects positive sales growth for the entire year in comparison to the previous year. 

 

 

Related news

Apprenticeship Graduation 2021

Apprenticeship Graduation 2021

This content is not available in English. Please see the German version below or the French version. Wir gratulieren unseren Lernenden zur bestandenen Lehrabschlussprüfung! Die Firmen und Marken von Swatch Group Blancpain, Breguet, Pensionskasse Swatch Group, CHH Microtechnique, Comadur, Diantus, Dress your body, EM Microelectronic-Marin, ETA…

SWATCH GROUP: Half-Year Report 2021
AD HOC

SWATCH GROUP: Half-Year Report 2021

SWATCH GROUP: Half-Year Report 2021 Net sales of CHF 3 392 million, +54.6% to the previous year at constant exchange rates, or +54.4% at current rates. Operating profit of CHF 402 million compared with operating loss of CHF -327 million in the previous year. Operating margin of 11.9%. Watches & Jewelry segment (excluding Production) with a…

Ordinary General Meeting of Shareholders

Ordinary General Meeting of Shareholders

Decisions taken by the Swatch Group shareholders at the Ordinary General Meeting of Tuesday, May 11, 2021 Biel/Bienne (Switzerland), May 11, 2021 - The Ordinary General Meeting of Shareholders has been held in accordance with Article 12 ff of the Articles of Association and Article 27 of the Ordinance 3 on Measures to Combat the Coronavirus (COVID…