Swatch Group : H1 2018 sales +12.6%cc (vs cons +10.8%cc), underlying operating profit 3% above cons. Operating margin at 14.7% (+470bp) vs. cons 14.6%
>H1 2018 sales at +12.6%cc (vs cons +10.8%cc), underlying EBIT 3% higher than the consensus and operating margin of 14.7% (+470bp) vs 14.6% for the consensus - Swatch has reported H1 2018 sales of CHF 4,266m, up 12.6%cc (at constant currency), i.e. 3% higher than the consensus. Organic growth came in at 12.6%cc (consensus at 10.8%cc). H1 2018 underlying operating profit (€ 629m, operating margin of 14.7%, +470bp) is 3% higher than forecast (consensus at 14.6%, +460bp)...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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