Swatch Group: Dividend proposal
In its today’s meeting, the Board of Directors of the Swatch Group decided to propose a dividend of CHF 5.50 per bearer share and CHF 1.10 per registered share at the Annual General Meeting on May 24, 2022 (previous year: CHF 3.50 per bearer share and CHF 0.70 per registered share).
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Net sales of CHF 7 499 million, +4.6% to the previous year at constant exchange rates, or +2.5% at current rates. Sales growth of 25% in local currencies in all regions, with the exception of China, where Covid lockdowns resulted in sales shortfalls of over CHF 700 million. The MoonSwatch is a best seller, with over 1 000 000 watches sold.…
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Net sales of CHF 3 612 million, +7.4% to the previous year at constant exchange rates, or +6.5% at current rates, despite sales losses of approximately CHF 400 million due to closures of warehouses and many retail stores in April and May in China. The phenomenal success of the MoonSwatch for the Swatch brand as well as Omega underscores the…