AD HOC

Swatch Group: Key Figures 2019

The Swatch Group
Ad hoc announcement pursuant to Art. 53 of the Listing Rules

  • Group net sales of CHF 8 243 million, -1.8% in comparison to the previous year at constant ex-change rates, or -2.7% at current rates. 
  • Operating result of CHF 1 023 million, -11.4% to the previous year. Operating margin amounted to 12.4% versus 13.6% in the previous year.
  • Net income of CHF 748 million, -13.7% to the previous year, with a net margin of 9.1% versus 10.2% in the previous year.
  • Operating cash flow increased by 30% to CHF 1 224 million.
  • Excluding Hong Kong SAR, Group sales increased in the second half of 2019 by 5% at constant exchange rates and the operating result by 6% (in the Watches & Jewelry segment, excluding production, by even more than 20%).
  • Growth in all markets except Hong Kong SAR.
  • Dividend proposal: CHF 8.00 per bearer share and CHF 1.60 per registered share (unchanged from previous year).
  • For 2020, further growth in local currency expected in all regions (except Hong Kong SAR).

Outlook for 2020

Group management expects healthy growth in 2020 in all markets in local currency, with the exception of Hong Kong SAR. The currency situation will remain challenging. A special highlight for the Group will be the Olympic Summer Games in Tokyo, where Omega can uniquely showcase itself in one of the largest luxury markets in the world.

 

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, Longines…

Half-Year Report 2021
AD HOC

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 and Jewelry segment (excluding Production) with a strong operating margin of 17.0%, above the level…

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-19) on…