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Swatch Group: Half-Year Report 2015

The Swatch Group has published the half-year report for financial year 2015 and, despite the concerns for the overvaluation of the Swiss Franc currency, the net sales of the Watches and Jewelry segment grew by 3.6% to CHF 4,248 million at constant exchange rates or 2.2% to CHF 4,192 million at current rates. Calculated in Euros, the Group grew by 18.7%.

The result is remarkably good especially if compared with the declining export of wrist watches of the Swiss Watch Industry of –1.1% at the end of May.


The operating margin or the Group reached 18.2% while the operating profit was 8.3% (CHF 761 million). Swiss franc shock and negative interest rates resulted in a lower net income of CHF 548 million, 19.4% below the first half of 2014.

The Swatch brand mechanical watches, particularly the Swatch Sistem51, made a significant contribution to the sales results. The strong demand for the Tissot T-Touch Expert Solar resulted in supply bottlenecks for the brand, something which required adjustments in production to shorten waiting times in the second half of the year.

In the first half of 2015 over 400 new jobs were created, of which 100 in Switzerland. As a result, the number of employees increased to over 36,000 at the end of June 2015.

The outlook for the second half of the year is positive and the Group management expects a strong second half 2015, especially considering the introduction of the Omega Master Co-Axial with METAS certification, the Swatch Touch Zero One and the Swatch NFC (Near Field Communication) as a contact-free means of payment.

COMMENTS

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Name

A. Lange & Sohne,51,AkriviA,6,alarm,3,Alpina,7,Andersmann,1,Andreas Strehler,4,Angelus,3,annual calendar,22,Anonimo,2,Antiquorum,1,Antoine Martin,2,Antoine Preziuso,1,Apple,1,Apple Watch,1,Aquadive,1,Armin Strom,22,Arnold and Son,18,Astarwatch,1,Ateliers deMonaco,2,Auctions,44,Audemars Piguet,23,Autodromo,1,BaselWorld 2013,50,BaselWorld 2014,53,Baselworld 2015,69,Baselworld 2016,27,Baselworld 2017,64,Baume et Mercier,15,Bell & Ross,14,Bernard Lederer Universe,1,Blancpain,22,BLU,1,blue dial,2,Bonhams,1,Bovet,3,Brands histories,1,Breguet,37,Breitling,31,Bremont Watch Company,3,Breva,2,bronze,2,Bücherei,1,Bulgari,24,Burberry,1,C3H5N3O9,1,carillon,1,Carl F. Bucherer,2,Carrera,4,Cartier,34,ceramic,1,Chaumet,2,chiming hour,3,Chopard,20,Christie's,2,Christophe Claret,5,Christopher Ward,3,chronograph,254,chronometer,21,Chronoswiss,3,Citizen,2,co-axial,1,column-wheel,7,complete calendar,3,complications,53,concept watch,4,Concord,1,constant-force,23,Corum,11,CSEM,1,Czapek,1,Daytona,1,De Bethune,11,de Grisogono,2,dead seconds,13,detent escapement,2,DeWitt,7,diving watches,107,double regulator,1,drei,1,dress watches,188,dual time,63,Eberhard,9,Edox,1,El Primero,13,Emile Chouriet,1,Emmanuel Bouchet,1,enamel dial,4,enamelling,14,Equation of time,5,Eterna,17,exhibitions,1,F.P.Journe,14,Faberge,2,Favre-Leuba,1,features,20,Ferdinand Berthoud,2,flyback,28,Fondation de la Haute Horlogerie,1,Fortis,3,Franck Muller,5,Frederique Constant,5,Geneva Watchmaking Grand Prix,8,Georg Jensen,1,George Daniels,2,Girard-Perregaux,35,Glashuette,14,Glashütte,26,Glashütte Original,27,Glycine,2,GMT,47,GPHG,3,Graham,5,Grand Feu,1,Grand Prix d’Horlogerie de Geneve,7,Grand Seiko,6,Grande Complication,16,Grande Sonnerie,3,Greubel Forsey,16,Gronefeld,5,Grönefeld,5,Grossmann,3,guilloché,1,H. Moser and Cie,17,Habring,4,Habring2,5,Hajime Asaoka,1,Hallmark of Geneva,1,Hamilton,10,hands-on,4,Harry Winston,8,Hautlence,2,Hermes,9,high jewellery,1,Hublot,9,Hybris Artistica,1,Hydro Mechanical Horologists,7,HYT Watches,11,Icon,1,independent watchmaker,3,industry news,75,IWC,56,Jaeger-LeCoultre,64,Jaquet Droz,12,JeanRichard,3,jumping hours,18,Junghans,5,Kaj Korpela,1,Kari Voutilainen,4,Korpela,1,Krayon,1,Ladies watches,66,Lang & Heyne,1,Lange,6,large date,1,Laurent Ferrier,10,Le Garde Temps,1,Lemania,1,Leroy,3,Linde Werdelin,1,Longines,27,Louis Moinet,4,LVMH,2,Maîtres du Temps,1,Manufacture Contemporaine du Temps,3,Manufacture Royale,3,marine chronometer,1,Maurice de Mauriac,1,Maurice Lacroix,5,MB&F,20,MCT,1,MeisterSinger,19,metiers d'art,1,mido,2,military watches,6,Minute Repeater,31,Montblanc,34,moon phases,59,Moritz Grossmann,16,Moser,17,Muhle,3,Mühle-Glashütte,3,mystery watches,2,Nautilus,2,New Britain Corp,1,new watches,1359,Nomos,13,Ochs und Junior,3,Officine Panerai,42,Omega,43,Only Watch,2,Only Watch 2015,4,Only Watch 2017,2,Oris,21,Panerai,15,Parmigiani Fleurier,13,Pascal Coyon,1,Patek,1,Patek Philippe,48,perpetual calendar,60,Perrelet,4,Philippe Dufour,1,Phillips,2,Piaget,15,Pierre DeRoche,1,pilot watch,47,platinum,1,pocket watch,2,pocket watches,2,Poincon de Geneve,1,Porsche Design,10,Pre-SIHH 2016: Cartier - Clé de Cartier Automatic Skeleton,1,pulsometer,4,quartz,2,Rado,4,Ralf Tech,2,Ralph Lauren,2,rattrapante,13,Raul Pages,1,Raymond Weil,1,rectangular watches,2,regulator,11,remontoire,2,resonance,2,Ressence,4,retrograde,2,Revelation,1,Reverso,12,Richard Mille,36,Richmond,1,Roger Dubuis,10,Roger Smith,1,Roger W. Smith,1,Rolex,23,Romain Gauthier,5,Romain Jerome,1,Royal Oak,13,Rudis Sylva,1,Seiko,9,SevenFriday,2,SIHH 2012,4,SIHH 2013,25,SIHH 2014,36,SIHH 2015,43,SIHH 2016,44,SIHH 2017,40,SIHH 2018,2,Singer,1,Singer Reimagined,1,single hand,2,single-hand watches,4,Sinn,7,skeleton,11,smartwatch,6,solar energy,1,Sotheby's,3,Speake-Marin,3,Speedmaster,8,split seconds,4,sport watches,294,squelette,32,steampunk,1,striking time,8,SuisseMecanica,1,Swatch,2,Swatch Group,3,table clocks,2,Tag Heuer,51,terra Cielo Mare,1,Tiffany,10,top news,22,Torsti Laine,1,tourbillon,177,Tudor,8,Tutima,1,ultra thin,21,Ulysse Nardin,22,Union Glashutte,1,Urban Jurgensen,12,Urwerk,11,Vacheron Constantin,56,Van Cleef & Arpels,5,Vauchier Fleurier,1,Vianney Halter,3,Vulcain,9,wandering hours,1,Watches & Wonders,14,Watches&Wonders,1,worldtime,23,Zenith,35,Zodiac,1,
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Time and Watches: Swatch Group: Half-Year Report 2015
Swatch Group: Half-Year Report 2015
Swatch Group: Half-Year Report 2015. The Swatch Group has published the half-year report for financial year 2015. The outlook for the second half of the year is positive and the Group management expects a strong second half 2015
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