Swatch Group Reports Good & Bad

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Swatch Group Reports Good & Bad

Postby koimaster » July 22nd 2017, 1:07pm

After a bad 2016, the Swatch Group is enjoying a modest recovery illustrated by its results for the first six months of 2017. Group revenue inched up 1.2%, while net income rose 6.8%, at constant exchange rates.

In the watch and jewellery division, the sales of finished watches outperformed production (which is the sales of movements and components). Overall revenue for the division rose just 1.2%, but for watches and jewellery alone the figure was 2.9%. The same disparity can also be seen in the division’s operating margin, which rose by a quarter to 13.2% excluding production. Including production the number was 11.8%.

http://watchesbysjx.com/2017/07/swatch- ... ments.html
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Re: Swatch Group Reports Good & Bad

Postby TemerityB » July 22nd 2017, 8:47pm

So Swatch's jettisoned decision to play peek-a-boo with their movements has quickly bitten 'em in the ass. Can't say I feel the least bit sorry for 'em.
"To really be a watch company, you have to make your own watch with your own movement. Otherwise, you're a casing company." - Roland Murphy
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