Swatch Gets a Sales Bounce With a Margin Bruise The latest financials from Swiss watchmaker Swatch Group have sent mixed signals to investors. While sales figures rose 8.
5% in the first half of the year, thanks largely to a strong rebound in May and June, operating profit took a significant hit, falling to CHF 52 million – well short of expectations.
The recovery in demand is welcome news for Swatch Group, which has struggled to match the growth rates of its luxury watch rivals such as Richemont and Rolex over the past two years.