Swatch Group : Update on the eve of the H1 2020 results: no positive new developments to report
>Watch trends were very negative in H1 and the y-o-y decline in H2 2020 is likely to remain sizeable. - In our previous model we expected a fall of -30% in H1 sales at constant currencies with a negative currency effect of -4%. But the trend in watch sales as reflected by Federation of the Swiss Watch Industry figures and the continuing appreciation of the Swiss franc lead us to think that a decline at constant currencies of just over -30% (-33%) should now be envisag...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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