Swatch Financial Watch

NEWS
The Swatch Group emerges from the financial crisis 2009 in excellent shape

January 20, 2010
www.worldwatchweb.com •Third-best year in the Swatch Group history with Group gross sales of CHF 5 421 million, a decrease of -6.3% on a comparable basis (at constant exchange rates and excluding 2008 divestments of Sokymat and Michel).

•Significant rebound in sales in the second half of
2009, with a phenomenal record month of December, which also was the best month in 2009.

•Watch segment sales with a decrease at constant rates of -5.5% largely outperformed Swiss Watch Federation export sales 2009, gaining market shares for the Group in practically all price segments and markets.

•Production segment with sales decrease mainly due to order cancellations and a change in product mix.

•Electronic Systems segment sales -14.5% lower than last year (excluding 2008 divestments of Sokymat and Michel), but steadily improving in the fourth quarter 2009 with increasing order inflow.

•Improved operating profit margin and net income compared to the first half year expected; Group very confident of further increases in sales and margins in 2010.

•Omega’s mission as official timekeeper at the Winter Olympics 2010 in Vancouver and the Swatch Art Peace Hotel opening mid 2010 in Shanghai are two of the highlights to come, as well as significant developments of new products in most of the brands and new production systems in Switzerland.

Full report:
click here

Source: The Swatch Group Ltd
www.swatchgroup.com



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Copyright 2009 Europa Star

Good stuff pug!

Ok, so they divest of two dogs (no offense), have a decline in adjusted gross, do not report net and everything is great.

Interesting Boscoe ! Do you guys think that maybe
because Swatch owns many companies, that they all
kind of anchor eachother ?

Tune in for the next episode of Spin City: Back to the Future V starring Michael J. Fox