Report
Jean Danjou

Swatch Group : Update to our estimates in line with our sector scenario, H1 2020 is bound to be very poor

>Annual results press conference: China doing better but short term set to be tough - The group had already announced its 2019 full-year results at the end of January and the press conference held by the management last week was mainly devoted to describing the current situation and the impact of the crisis on the group. No precise figures were given for the impact but as expected February was marked by a virtual shutdown in China (Greater China = nearly 40% of the gr...
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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