Strong outperformance compared to Swiss Watch Federation export sales, with gross sales reaching CHF 2 480 million in the first six months of 2009 (-15.3% compared to an absolute record first half-year 2008, adjusted by divestments).


 Further expansion of market shares in all watch segments and regions, due to consistent distribution and product strategy, strong innovation, new product development and highly motivated personnel.


 Despite very strong ongoing marketing activities and high R&D investments as well as the clear commitment to preserve jobs for its employees, still high operating profit margin of 14.7% of net sales or CHF 345 million (21% or CHF 593 million in the record first half-year 2008, representing a decrease in operating profit of 41.8%) in a challenging economic environment. 


 Consolidated net income of CHF 301 million or 12.8% of net sales (CHF 418 million and 14.8% in the first half of 2008, a decrease in net income of 28%) thanks also to a positive financial result.


 Substantial improvements in accounts receivable days outstanding confirm strong demand for Swatch Group products.

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