Bryan Garnier - Swatch Group AG ADS (SWGAY) THE SWATCH GROUP: Operating leverage likely in 2021 | BUY | CHF280 VS. CHF262 (+11%)

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Bryan Garnier

Loic Morvan

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

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

Online accounted for 12% of 2020 sales
Significant operating leverage
A cyclical play among luxury groups

29/01/2021 4 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: Operating leverage likely in 2021 | BUY | CHF280 VS. CHF262 (+11%)

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

Monthly LMI Update Independent Investment Research

Onward: Model Update

Hugo Boss: Weak China and month of April spoilt the mood

Egetis reports Q1, on track with US trial

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