>>
Home / Knowledge / News / Fashion / Swatch sees sharp rise in watches sales in H1

Swatch sees sharp rise in watches sales in H1

24
Aug '05
Watch maker The Swatch Group Ltd commented on the first half of the year and outlook for 2005.

Marked rise in Group sales despite high basis for comparison with the previous and continued negative currency influences.

Increase in operating result to CHF 299 million before and CHF 293 million (+9.3%) after extraordinary items respectively.

- Above-average increase to CHF 267 million (+21.4%) in Group net income, due to a strong financial result.

- Growth in sales of high-end watches significantly higher than the statistics published by the Fédération Horlogère.

- Sharp rise in sales in the watches, movements and components production segment.

- Slight decline in electronic systems, but clear indications of recovery in June.

- Positive outlook for the second half-year and 2005 as a whole.

Click here to see the results:

Group gross sales in the first half-year rose organically by +7.5% and, adjusted for currency fluctuations, by +6.1% in Swiss francs. Currency movements in the period under review had a negative impact of –1.4%.

Despite a high basis of comparison with the previous year, the Group achieved a significant increase in sales during the first half-year. Demand appears to continue unabated, particularly for watches in the upper price bracket.

This trend was clearly in evidence at the World Watch and Jewellery Show in Basle as well as in subsequent months. The movements sector also recorded strong growth on a par with the


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

T Rajkumar,

T Rajkumar

<div>Confederation of Indian Textile Industry (CITI) being one of the...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas
Suta

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Chico’ FAS
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
OVS Hong Kong Sourcing Ltd.
BIMBA ;& LOLA SL
J ;& P Coats
Alison Hayes Romania
IKEA of Sweden AB
Sateri (Jiujiang) Fiber Co.,Ltd
Hela Clothing Pvt Ltd
G-Star Raw C.V.
Babyshop
Cat Tuong Real Estate Group Joint Stock Company
Tchibo GmbH
Boardriders Asia Sourcing Limited
Bluestem Global Sourcing Limited
Maceton Limited
Grasim Industries Limited
Tommy Hilfiger
Puma
Gokaldas Exports Limited
Reiter India Private Limited
Splash
Lululemon Athletica Inc
Calvin Klein
KIABI
John Varvatos
Recron Polyester from Reliance Industries Limited
Walmart
Asos
Decathlon
IDH – The Sustainable Trade Initiative
Lenzing Aktiengesellschaft
MAS Active / MAS Kreeda / MAS Bodyline
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Truetzschler India Private Limited
Groz-Beckert East Asia LLP
Sportswear Company Spa
H;&M Hennes ;& Mauritz (Far East) Ltd
Hirdaramani International Export Private Limited
Abit
Etam Group Strategy Hong Kong Limited
Target Corporation (MN)
C;&A Sourcing International Ltd
Green Fibre
Helly Hansen Far East Ltd
Amazon China
Phong Phu international JSC (PPJ)
Lifestyle
Desigual - ABASIC, S.A.
Guess Europe Sagl,
Brandix Lanka Limited
Aramark Uniform ;& Career Apparel, LLC
Eastman Chemical Company
Landmark Group
Sportmaster Ltd.
Alix Partners
SHAHI Exports Pvt Ltd
Varner AS Retail
Vardhman Textile Ltd
BIANCA
Gatsby Africa
Rosset ;& Cia Limited
Page Industries Limited (Bangalore)
Gloria Jeans
Huntsman (Singapore) Pte Ltd
International Textile Manufacturers Federation
Restoque S.A.
Under Armour Global Sourcing Ltd
T.T. Limited
Rayonese Textile Inc., Division de Culp Inc.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
PVH Corporation
Gap International Sourcing Limited
NITI Aayog
LC Waikiki
Lacoste (Wanchai)
Esprit Europe Services GmbH
Midas Clothing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Sainsbury's Argos Asia Limited
Benetton Group
SYNERGIES HONG KONG LIMITED
Tory Burch Hong Kong Ltd
The Top Form Brassiere Manufacturing Company Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Vianney Textil Hogar S.A. De C.V.
Arvind Limited
The LYCRA Company Singapore  Pte. Ltd
Lisa S.P.A.
Aquarelle Clothing Limited

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search