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Half-Year Report 2011Biel / Bienne (Switzerland), 28 July 2011 – Swatch Group: Again with record sales and profit
1)on a comparative basis, excluding Lasag and the step motor activity of Microcomponents OutlookThe outlook for the Group in the second half of the year remains promising, particularly given the fact that July is confirming the trend in sales and results of the first half. The Group will continue to consolidate its global market presence and invest further in production capacities and staff training in order to maintain its strategy of healthy and sustainable growth. Continuing strong growth and the positive outlook in local currency will, however, be hampered by uncurbed speculation in the Swiss franc. This will further negatively impact sales growth as well as operating profit and net income. The long-term policy of the Swatch Group is and always will be to win market share. Even in the current difficult exchange rate situation with the strongly overvalued Swiss franc, this successful strategy will be maintained. Swatch Group: Half-Year Report 2011 – PDF Document with more details (646 KB)
Contacts
Béatrice Howald, Spokesperson The Swatch Group Ltd, Biel/Bienne Tél. +41 32 343 68 33 e-mail: http://www.swatchgroup.com/fr/services/nous_contacter/formulaire_de_contact
Investors Thierry Kenel, CFO The Swatch Group Ltd, Biel/Bienne Tél. +41 32 343 68 11 e-mail: http://www.swatchgroup.com/fr/services/nous_contacter/formulaire_de_contact
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