Swatch Group : Actualisation à la veille des résultats S1 2020 : rien de nouveau positif à signaler
>Les tendances en horlogerie ont été très négatives au S1 et le recul y/y au S2 2020 devrait rester important - Nous tablions dans notre modèle précédent sur un recul de 30% du CA S1 à devises inchangées avec un effet changes négatif de 4%. L’évolution des ventes en horlogerie telle que reflétée par les statistiques de la Fédération Horlogère helvétique et l’appréciation maintenue du franc suisse nous laissent à penser qu’il faut désormais envisager un recul à changes...Swatch Group is active in finished watches and jewelry sector with 20 brands in all market and price brackets. In addition, Co. is engaged in the sector of watch movements and components production as well as in the electronic systems sector. Co.'s operations can be divided into two segments: Watches & Jewelry, which is engaged in the production and sale of watches and jewelry; and Electronic Systems, which is engaged in the design, production and commercialization of electronic components, sports timing activities. Co. manufactures and sells watches under the following brands, among others: Breguet, Harry Winston, Blancpain, Glashutte Original, Jaquet Droz, Leon Hatot, and Omega.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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