Swatch Group : Une profitabilité toujours en amélioration mais la prudence reste de mise sur la croissance de l’activité
>Le groupe souffre des changes et de la Chine au S2 mais se montre confiant sur la profitabilité ; -2% sur notre prév. CA FY, +1% sur l’EBIT - Sans surprise le groupe indique qu’il a souffert des conditions difficiles en Chine notamment sur octobre et novembre (pour mémoire les ventes en grande Chine représentaient 42% du CA 2021, leur part pourrait passer sous 38% sur 2022, le manque à gagner sur le S1 dû à la Chine avait été chiffré à 400 MCHF). En dépit de tendan...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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