www.worldwatchweb.com •Third-best year in the Swatch Group history with Group gross sales of CHF 5 421 million, a decrease of -6.3% on a comparable basis (at constant exchange rates and excluding 2008 divestments of Sokymat and Michel).
•Significant rebound in sales in the second half of
2009, with a phenomenal record month of December, which also was the best month in 2009.
•Watch segment sales with a decrease at constant rates of -5.5% largely outperformed Swiss Watch Federation export sales 2009, gaining market shares for the Group in practically all price segments and markets.
•Production segment with sales decrease mainly due to order cancellations and a change in product mix.
•Electronic Systems segment sales -14.5% lower than last year (excluding 2008 divestments of Sokymat and Michel), but steadily improving in the fourth quarter 2009 with increasing order inflow.
•Improved operating profit margin and net income compared to the first half year expected; Group very confident of further increases in sales and margins in 2010.
•Omega’s mission as official timekeeper at the Winter Olympics 2010 in Vancouver and the Swatch Art Peace Hotel opening mid 2010 in Shanghai are two of the highlights to come, as well as significant developments of new products in most of the brands and new production systems in Switzerland.
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Source: The Swatch Group Ltd
www.swatchgroup.com