The Federation of the Swiss Watch Industry has just released their export statistic for 2023 – December ended the year on a positive note with exports up 5.5%. For the year as a whole, the industry exports recorded an increase of 7.6% compared to 2022, reaching their highest level ever at CHF 26.7 billion for […]
Following the announcement in July 2023 of its half-year results showing an impressive growth of 18% in sales, Swatch Group has just issued its key figures for the entire year 2023. The Biel-based conglomerate, owner of brands such as Omega, Longines, Tissot or Breguet, reports sales up by 12.6% at constant exchange rates, or 5.2% […]
Swiss watch giant Swatch Group, the umbrella above brands such as Omega, Breguet, Tissot, Longines and many more, has just released its 2023 half-year sales report, for the period January 1st – June 30th. At CHF 4,019 million, net sales are up 18.0% compared to the previous year at constant exchange rates, or 11.3% at […]
Following a couple of years drastically impacted by the COVID-19 pandemic, the luxury industry in general and the watch industry, in particular, have been on the rise again since the end of 2021. According to consulting company Bain & Co, sales of luxury goods are anticipated to grow by over 20% in 2022, and the […]
The watch industry has taken a big hit during the pandemic. Swatch Group has just released its 2020 results and, as expected, these have been severely impacted. At CHF 5,595 million, net sales are down 28.7% at constant exchange rate and 32.1% at current rates. The operating results remain slightly positive at CHF 52 million […]
COMCO, the Swiss Competition Commission, has just announced that ETA (Swatch Group’s movement manufacturer) is now free to deliver movements to third parties with no obligations or restrictions. Last December 2019, the regulator issued an unexpected decision preventing Swatch from delivering to clients at its own discretion. Criticized by many, this provisional measure meant that […]
Swiss watch giant Swatch Group has just issued its 2020 half-year report and, as anticipated, its activity has been strongly impacted by the effects of the COVID-19 pandemic. With manufacturing coming to a standstill and retail networks closed, the Group recorded net sales of CHF 2,197 million, -43.4% compared to the previous year at constant […]
As the Swiss watch industry is facing a severe crisis, Swatch Group announces major changes in the Executive Group Management Board and the Extended Group Management Board and appointments to the management of the Longines, Rado, Union, Tissot, Certina, and Hamilton watch brands. Raynald Aeschlimann, President and CEO of Omega and member of the Extended […]
Following the announcements by the Swiss Watch Federation with slightly growing export numbers and record results by LVMH for the year ended December 31st, Swatch Group has just announced its 2019 results, which aren’t as positive as its competitors and the whole market. At CHF 8,243 million, the group net sales are down 1.8% at constant […]
Have you ever wondered how Swatch Group brands like Tissot, Certina, Hamilton and Mido can make reliable, robust and accurate mechanical watches of good quality at very reasonable prices? Take a look inside the cases and you’ll see the answer ticking there: the movement that seriously raises the bar for the entire industry. Its name: […]