Swatch Group : Rattrapage en Chine probable mais l’activité du groupe a encore nettement sous-performé en 2022
>La croissance à tcc tombe à c. 2% sur le S2 mais comme attendu la marge d’EBIT gagne plus de 1pt à 16.9% - Au titre de l’exercice 2022, Swatch publie un CA à 7499 MCHF en croissance de 4.6% à tcc qui indique un CA S2 à 3887 MCHF en croissance de seulement c.2.4% tcc après un S1 à +7.4% et un EBIT à 1158 MCHF (marge à 15.4%) soit 655 MCHF pour le S2 (marge à 16.9% contre 13.9% au S1 et 15.8% au S2 2021). Pour ce S2 2022, nous attendions respectivement 4015 MCHF (crois...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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