Swatch Group : A position that remains unfavourable
>Watch statistics for April show the challenge facing the group: strong exposure to China, lower presence in luxury/high-end - After a rather favourable Q1 (+14% y-o-y, +13% vs 2019), Swiss watch export statistics reported by the Swiss Watch Federation show a marked slowdown in growth in April y-o-y at +7% (+9% vs 2019). This figure is not so bad in itself (there is a slightly negative day effect in comparisons) and should not be overinterpreted (it reflects just one ...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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