Swatch Group: Half-Year Report 2015
The Swatch Group has distributed the half-year report for monetary year 2015 and, in spite of the worries for the overvaluation of the Swiss Franc cash, the net deals of the Watches and Jewelry section developed by 3.6% to CHF 4,248 million at steady trade rates or 2.2% to CHF 4,192 million at current rates. Determined in Euros, the Group developed by 18.7%.
The outcome is surprisingly acceptable particularly whenever compared with the declining fare of wrist watches of the Swiss Watch Industry of –1.1% toward the finish of May.
The working edge or the Group arrived at 18.2% while the working benefit was 8.3% (CHF 761 million). Swiss franc stun and negative loan costs brought about a lower overall gain of CHF 548 million, 19.4% underneath the principal half of 2014.
The Swatch brand mechanical watches, especially the Swatch Sistem51, made a critical commitment to the business results. The solid interest for the Tissot T-Touch Expert Solar brought about stock bottlenecks for the brand, something which required changes underway to abbreviate holding up occasions in the second 50% of the year.
In the principal half of 2015 more than 400 new openings were made, of which 100 in Switzerland. Accordingly, the quantity of representatives expanded to more than 36,000 toward the finish of June 2015.
The standpoint for the second 50% of the year is positive and the Group the executives expects a solid second half 2015, particularly considering the presentation of the Omega Master Co-Axial with METAS certification, the Swatch Touch Zero One and the Swatch NFC (Near Field Communication) as a without contact methods for installment.