Swatch sees ‘dynamic’ growth this year after market share gains

Swatch Group SA said it expects “dynamic growth” this year, easing concerns of a downturn in key export destination China after market share gains in its core watch business helped sales rise 9.1 per cent last year. "Based on the strong start by all brands in the first few days of January, dynamic growth is expected for the entire year 2014," the world's largest watchmaker said in a statement on Friday, without giving details on its different markets. Gross sales in 2013 rose 8.3 percent to 8.817 billion Swiss francs, just short of estimates for 8.84 billion in a Reuters poll. Sales were up 9.1 percent at constant exchange rates.