Swatch Group : Growth outlook still lacklustre
>Top-line growth remains the main issue, we are not optimistic in this respect - As usual, Swatch is set to announce the main aggregates for its annual results for the last year (2021) at the end of January. While the group’s situation has improved sharply in the last twelve months (streamlining of production and distribution, better performances from the group’s main brands) and the short-term outlook for margins might benefit from favourable momentum after the visib...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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