Report
Jean Danjou

Swatch Group : Un S1 très mauvais mais de forts espoirs de rebond au S2, est-ce déjà trop optimiste ?

>Fort recul des ventes au S1 et perte supérieure à 300 MCHF, ce n’est plus trop surprenant mais quand même - A 2 197 MCHF, les ventes S1 reculent de -43.4% à tcc, c’est bien au-delà des -37% que nous attendions et témoigne d’une sous-performance manifeste de l’industrie globale du luxe (nous tablons globalement sur un recul voisin de -30% en soft luxury sur la même période, les exports horlogères suisses ont elles reculé de -36% sur les 5 premiers mois). L’EBIT vire l...
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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