Report
Jean Danjou

Swatch Group : Bonne remontée de la marge mais la croissance est restée terne sur le S2 peut-elle vraiment accélérer fortement ?

>EBIT FY +7% au-dessus des attentes mais les ventes au S2 restent près de 3% sous les niveaux 2019 à cc - Comme à l‘accoutumée chaque fin de janvier, le groupe a communiqué les chiffres clés FY 2021 alors que le rapport complet pour l’exercice sera publié le 12 mars. Ces éléments font notamment apparaître un CA annuel très en ligne avec nos attentes à 7 313 MCHF, soit une croissance à 2 ans à tcc sur le S2 toujours négative à -2.6% (-7.4% sur l’exercice en entier) et ...
Underlying
Swatch Group Ltd. Bearer

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean Danjou

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