Swatch Group AG ADS

  • TickerSWGAY
  • ISINUS8701231065
  • ExchangePink OTC Markets
  • SectorPersonal Goods
  • CountrySwitzerland

Analysts

Loic Morvan

THE SWATCH GROUP: Cautious view for 2020 despite some further cost reduction expected | NEUTRAL | CHF270(+6%)

THE SWATCH GROUP - NEUTRAL | CHF270(+6%) Cautious view for 2020 despite some further cost reduction expected Entry price segment under pressure Cost reduction should continue in 2020 Cautious view for 2020 The low valuation is not an argument

Loic Morvan

THE SWATCH GROUP: 2019 results below expectations both at top line and EBIT line | NEUTRAL | CHF270 vs. CHF295 (+6%)

THE SWATCH GROUP - NEUTRAL | CHF270 vs. CHF295 (+6%) 2019 results below expectations both at top line and EBIT line The Swiss watches group severely hit by H-K in 2019 2019 EBIT margin down 120bp to 12.4% 2020-21 EPS cut by 7% FV lowered at CHF270 vs CHF295

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Loic Morvan

THE SWATCH GROUP: Conference Call Feedback | NEUTRAL | CHF320

THE SWATCH GROUP - NEUTRAL | CHF320(+11%) Conference Call Feedback Less Chinese tourists led to some grey market in Europe More retail and more online More visibility on sales than on EBIT Neutral recommendation unchanged

Jelena Sokolova

Morningstar | Swatch's 1H Lacklustre But Actions to Tackle Oversupply Encouraging; Shares Attractive

We are maintaining our fair value of CHF 358 for narrow-moat Swatch as the company reported weak semiannual results. Despite this, we see shares as attractive at current levels. Revenues were down by 3.7% at constant exchange rates (this compares with 4% growth in Swiss watch exports from January to May 2019), while operating profit declined by 13%. The decline came after a tough comparison base in 2018 (12.6% revenue growth at constant exchange rates in first-half 2018), and was well expected by the market, in our view. We are encouraged that the company took steps to reign in grey market ch...

Loic Morvan

THE SWATCH GROUP: Cautious view for 2020 despite some further cost reduction expected | NEUTRAL | CHF270(+6%)

THE SWATCH GROUP - NEUTRAL | CHF270(+6%) Cautious view for 2020 despite some further cost reduction expected Entry price segment under pressure Cost reduction should continue in 2020 Cautious view for 2020 The low valuation is not an argument

Loic Morvan

THE SWATCH GROUP: 2019 results below expectations both at top line and EBIT line | NEUTRAL | CHF270 vs. CHF295 (+6%)

THE SWATCH GROUP - NEUTRAL | CHF270 vs. CHF295 (+6%) 2019 results below expectations both at top line and EBIT line The Swiss watches group severely hit by H-K in 2019 2019 EBIT margin down 120bp to 12.4% 2020-21 EPS cut by 7% FV lowered at CHF270 vs CHF295

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior