The Swatch Group Emerges from the Financial Crisis 2009 in Excellent Shape (Jewelry PR Division)

The Swatch Group Emerges from the Financial Crisis 2009 in Excellent Shape

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.

Posted by Pierce Mattie on January 26, 2010 2:00 PM | Permalink

The Swatch Group Emerges from the Financial Crisis 2009 in Excellent Shape