News


Press release

Half-year report 2008

Biel / Bienne (Switzerland), August 15, 2008 Swatch Group, half-year report 2008. Swatch Group Further expansion of market share in all watch segments and regions.

* Strong sales growth of +17.7% at constant exchange rates (+11% at current 30 June 2008 exchange rates) in the Watches and Jewelry segment despite ongoing capacity bottlenecks and unfavorable exchange rates
* Sales growth of +13.8% at constant exchange rates for the entire Group (+8.5% at current 30 June 2008 exchange rates)
* 16% increase in operating profit to CHF 593 million and to an operating margin of 21% (first half-year 2007: 19.6%), despite negative currency effects and sharp rise in the price of raw materials and precious metals
* Slight decline of 9.1% in consolidated net income to CHF 418 million (prior year: CHF 460 million) as a result of unrealized temporary value adjustments on portfolios and foreign investments due to exceptionally weak stock markets and exchange rates at the end of June 2008. Return on sales of 14.8%

Details see attached press release. PDF Document (65 KB)


Contacts:
Swatch Group Media:
Béatrice Howald
Head of Media Relations The Swatch Group Ltd, Biel/Bienne
Tel. +41 32 343 68 33
fax +41 32 343 69 22
E-mail: press@swatchgroup.com

Swatch Group Investors:
Edgar Geiser, CFO Thomas Du"rr, Corporate Treasurer
Tel. +41 32 343 68 11
fax +41 32 343 69 16
E-mail: investor.relations@swatchgroup.com

 

 

Retour sommaire

Archives