The Swatch Group Ltd

UHR

Equity

ISIN CH0012255151 / Valor 1225515

SIX Swiss Exchange (2024-09-17)

CHF 154.05+0.13%

The Swatch Group Ltd
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About company

The Swatch Group Ltd is an international company engaged in the design, production, and distribution of finished watches, jewelry, watch movements, and components. The company supplies components to its 17 watch brands and also provides movements and components to third-party watchmakers globally. Additionally, Swatch Group is involved in the manufacturing and sale of electronic systems used in watchmaking and other industries. With a workforce of over 33,500 employees in more than 50 countries, the company reported net sales of 7.888 billion Swiss francs in 2023.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Net Sales

The Swatch Group Ltd reported net sales of CHF 3,445 million for the first half of 2024, reflecting a decline of 14.3% compared to the previous year at current exchange rates. The decrease was primarily influenced by a negative currency impact of CHF 145 million.

Operating Profit

For the first half of 2024, The Swatch Group Ltd achieved an operating profit of CHF 204 million, a significant drop from CHF 686 million in the previous year. The operating margin also decreased to 5.9% from 17.1% in the same period last year.

Net Income

The Swatch Group Ltd's net income for the first half of 2024 was CHF 147 million, down from CHF 498 million in the previous year. This resulted in a net margin of 4.3%, compared to 12.4% in the previous year.

Equity and Liquidity

As of June 2024, The Swatch Group Ltd reported equity of CHF 12.2 billion, slightly down from CHF 12.3 billion in December 2023. The company's net liquidity stood at CHF 1,434 million, a decrease from CHF 1,988 million at the end of 2023.

Outlook for Second Half of 2024

The Swatch Group Ltd anticipates continued challenges in the Chinese market, including Hong Kong SAR and Macau SAR, for the luxury goods sector. However, the company expects strong growth in Japan and the USA, driven by investments in its retail network. The Omega brand is set to benefit from its role as the official timekeeper of the Olympic Games in Paris.

Summarized from source with an LLMView Source

Key figures

-37.7%1Y

-40.8%3Y

-43.8%5Y

Performance

24.3%1Y

29.4%3Y

30.3%5Y

Volatility