Swatch attributed the growth to the strength of its 20 brands as well as its “well represented” retail global network. Mainland China recorded significant growth while Middle East recorded positive sales. In Europe, sales of the brands increased compared to the first half of the previous year, in Great Britain, Spain, Italy, and also Switzerland.
SINGAPORE (July 27): Swatch Group, the Swiss watch and jewellery manufacturer, has announced earnings of CHF 281 million ($400 million) for 1H17 ended June, 6.8% higher compared to CHF 263 million in the same period last year.
Group net sales rose 1.2%, at constant exchange rates, to CHF 3.76 billion, compared to CHF 3.71 billion in 1H16. However, considering current exchange rates, group net sales saw a 0.3% decline to CHF 3.71 million.
