Change in the Executive Management Board
Mr. François Thiébaud has decided to take a well-deserved retirement after 29 years with the Group. Mr. François Thiébaud has been a member of the Swatch Group Executive Group Management Board since 2006 and was President and CEO of the Tissot brand for 25 years, from 1996 to 2020. Swatch Group thanks him warmly for his remarkable commitment, enthusiasm and dynamism throughout these years. This departure is effective as of February 1, 2025.
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Key Figures 2025
Net sales of CHF 6 280 million, -1.3% at constant exchange rates compared to the previous year (-5.9% at current rates)1). Negative currency impacts of CHF 308 million. Excellent performance in the second half of the year with sales growth of 4.7% at constant exchange rates. Strong acceleration in the fourth quarter with sales up 7.2% worldwide…
Half-Year Report 2025
Net sales of CHF 3 059 million, -7.1% against the previous year at constant exchange rates and on a comparable basis1) (-10.4% at current rates). Negative currency impact of CHF -113 million. Operating profit of CHF 68 million (previous year: CHF 204 million). Operating margin of 2.2% (previous year: 5.9%). Net income of CHF 17 million (…