Group sales in the 2nd half of 2003 up +4.21 % in local currencies and +2.27 % higher in Swiss francs than in the same period last year.


 2003 sales growth in local currencies up +1.55 % overall against 2002; after adjustment for currency influences amounting to CHF 143 million (-3.52 %) decline by -1.97 %.


 Substantial increase in market share for all watch categories.


 Unit sales growth +6.27 % (watches, movements, stepping motors).


 Positive sales outlook for 2004.

Full Report on www.swatchgroup.com



Source: Swatch Group Press Release/Febr.05, 2004

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