Swatch Group: Key Figures 2019

The Swatch Group
  • 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

Message from the Chair

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 21, 2025, in Biel (BE), Switzerland. The original spoken text (in German) is valid. Sehr geehrte Damen und HerrenLiebe Mitaktionärinnen und Mitaktionäre Sie haben ja sicherlich alle unseren Jahresbericht mit meinem Geleitwort…

Ordinary General Meeting

Ordinary General Meeting

The Ordinary General Meeting of Swatch Group Shareholders was held online in accordance with article 12 ff. of the Articles of Association on Wednesday, May 21, 2025. The shareholders approved, by a large majority, all proposals submitted by the Board of Directors. Mr Steven Wood's candidature for the Board of Directors was rejected by the…

Ordinary General Meeting of Shareholders

Ordinary General Meeting of Shareholders

The Ordinary General Meeting of Shareholders will be held in accordance with art. 12 ff. of the Articles of Association on Wednesday, May 21, 2025 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.…