Bryan Garnier - Swatch Group AG ADS (SWGAY) THE SWATCH GROUP: Conference Call Feedback | NEUTRAL | CHF320

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Bryan Garnier

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

18/07/2019 3 EN

Underlying

Swatch Group AG ADS

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US8701231065 Pink OTC Markets Switzerland

Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Loic Morvan

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Independent Investment Research

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THE SWATCH GROUP: Conference Call Feedback | NEUTRAL | CHF320

THE SWATCH GROUP: H2 sales trend should accelerate vs H1 | BUY | CHF360(+32%)

Monthly LMI Update Independent Investment Research

THE SWATCH GROUP: Operating leverage likely in 2021 | BUY | CHF280 VS. CHF262 (+11%)

BONESUPPORT: debuts 2024 with strong financial results

ONWARD: reports FY 2023, all focus set on ARC-EX US launch in H2 2024

Vantiva: Accelerated synergy extraction amid challenging start to the year

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