Swatch Group: Comments on the first half of the year and outlook for 2005 as a whole
- Marked rise in Group sales despite high basis for comparison with the previous and continued negative currency influences.
- Increase in operating result to CHF 299 million before and CHF 293 million (+9.3%) after extraordinary items respectively.
- Above-average increase to CHF 267 million (+21.4%) in Group net income, due to a strong financial result.
- Growth in sales of high-end watches significantly higher than the statistics published by the Fédération Horlogère.
- Sharp rise in sales in the watches, movements and components production segment.
- Slight decline in electronic systems, but clear indications of recovery in June.
- Positive outlook for the second half-year and 2005 as a whole.
Full Report on www.swatchgroup.com
Source : Swatch Group Press Release/Aug. 24, 2005
(Please Credit europastar.com)
- Increase in operating result to CHF 299 million before and CHF 293 million (+9.3%) after extraordinary items respectively.
- Growth in sales of high-end watches significantly higher than the statistics published by the Fédération Horlogère.
- Sharp rise in sales in the watches, movements and components production segment.
- Slight decline in electronic systems, but clear indications of recovery in June.
- Positive outlook for the second half-year and 2005 as a whole.
Full Report on www.swatchgroup.com
Source : Swatch Group Press Release/Aug. 24, 2005
(Please Credit europastar.com)
In addition, make sure to read these articles:
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