Swatch Group : Good margin improvement but growth remained lacklustre in H2 – can it really accelerate strongly?
>FY EBIT +7% above expectations but sales in H2 still close to 3% below 2019 levels on cc - As usual each year at the end of January, the group released key FY 2021 figures while the full report will be published on 12 March. These figures show full-year sales very much in line with our expectations at CHF 7.313bn, or two-year growth on cc in H2 still negative at -2.6% (-7.4% for the full year) and EBIT of CHF 1.021bn, reflecting a margin of 14.0%. This latter figure ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.