Swatch Group reported record half-year results

Swatch Group net sales increased by 14.7% to CHF 4 266 million at current exchange rates, respectively by 12.6% at constant rates. Group operating result increases 69.5% to CHF 629 million. The operating margin improved from 10.0% in the previous year to 14.7%. Net income increases by 66.5% to CHF 468 million, with a net margin of 11.0%, compared to the previous year with 7.6%. Growth in all regions, led by Asia and America. Massive gains in market share in all price segments and regions. Strong product demand by its own brands has already created bottlenecks in certain production areas. The second half of the year offers excellent opportunities for continued strong growth and further expansion of market share.