Report
Jean Danjou

Swatch Group : Un positionnement qui reste défavorable

>Les statistiques horlogères d’avril illustrent le défi posé au groupe : forte exposition Chine, moindre présence en luxe/haut de gamme - Après un T1 plutôt favorable (+14% y/y soit +13% par rapport à 2019), les statistiques d’exports horlogères suisses publiées par la Fédération Horlogère montrent pour avril un ralentissement sensible de la croissance y/y à +7% (soit +9% par rapport à 2019). Ce chiffre en soi n’est pas si mauvais (effet jour légèrement négatif dans 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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