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Swatch Group: half-year report 2022

The Swatch Group released its financial report for the first six months of 2022.

At constant exchange rates, Group net sales for this period were CHF 3,612 million, +7.4% above the previous year. The growth was also evidenced by an operating profit of CHF 503 Million (+25.1% to the previous year) and a net income of CHF 320 million (+18.5% to the previous year).

In particular, the Watches & Jewelry segment (including Production) generated an operating margin of 15.7% (previous year: 14.2%).

All major markets in Europe, America and the Middle East increased their sales by double digits. High growth rates were also reported by most of the Asian markets, such as Japan, Taiwan, Singapore or Thailand. The strongest growth was achieved by the Group’s retail stores, both in the prestige brands such as Breguet and Harry Winston, as well as by Omega and Swatch. 

The lockdown in China in the months of April and May led to massive sales declines totaling approximately CHF 400 million, not only in Mainland China, but also in Hong Kong SAR and Macao. This was due to the fact that not only many retail stores were closed, but also because no products could be delivered from the central warehouses. The Ukraine conflict had less than a 1% impact on Group sales.

The exceptional success of the MoonSwatch for the Swatch brand as well as Omega underscores the strength of the Group’s verticalized production and the strategic importance of a presence in all price segments with strong brands.

In terms of outlook for the second half of 2022, the Group Management is convinced that the goal of double-digit sales growth in local currencies for the entire year 2022 defined at the beginning of the year remains realistic. Growth prospects for all price segments, from Swatch to the prestige brands, are extremely positive. 

Regionally, the strongest growth in the second half of the year 2022 is expected in America, Asia and Mainland China. 

COMMENTS

Name

A. Lange & Sohne,119,AkriviA,9,Alain Silberstein,2,alarm,12,Alpina,12,Andersen Geneve,2,Andersmann,2,Andreas Strehler,5,Angelus,5,annual calendar,38,Anonimo,15,Anthony de Haas,1,Antiquorum,2,Antoine Martin,2,Antoine Preziuso,1,Apple,1,Apple Watch,1,Aquadive,2,Aquastar,1,Armin Strom,63,Arnold and Son,23,Astarwatch,1,Atelier de Chronometrie,1,Ateliers deMonaco,2,Atmos,1,Auctions,74,Audemars Piguet,69,Autodromo,1,automaton,2,Ball Watch,1,Bamford,2,Baselword 2022,1,Baselworld,8,BaselWorld 2013,50,BaselWorld 2014,53,Baselworld 2015,69,Baselworld 2016,27,Baselworld 2017,64,Baselworld 2018,75,Baselworld 2019,41,Baselworld 2020,2,Baume,4,Baume et Mercier,48,Bell & Ross,33,Bernard Lederer Universe,1,Bernhard Lederer,2,Bernhard Zwinz,1,bespoke,1,Blancpain,76,BLU,1,blue dial,3,Bonhams,2,Bovet,11,Brands histories,1,Breguet,102,Breitling,60,Bremont,1,Bremont Watch Company,4,Breva,2,bronze,22,Bücherei,1,Bulgari,91,Bulova,1,Burberry,1,C3H5N3O9,1,carbon,2,carillon,3,Carl F. Bucherer,2,Carl Suchy,1,Carrera,9,Cartier,44,ceramic,10,Certina,8,Chanel,4,Chaumet,3,chiming hour,8,Chopard,35,Christie's,6,Christophe Claret,5,Christopher Ward,9,chronograph,578,chronometer,34,Chronoswiss,5,Citizen,3,co-axial,1,column-wheel,7,complete calendar,19,complications,82,concept watch,5,Concord,1,constant-force,39,Corum,18,Credor,1,CSEM,1,Cyrus,24,Czapek,6,Dan Niederer,1,Davosa,1,Daytona,5,De Bethune,23,de Grisogono,3,dead seconds,20,detent escapement,2,DeWitt,9,digital display,1,dive watches,4,diving,7,diving watches,315,double regulator,3,Doxa,23,drei,1,dress watches,438,dual time,88,Ebel,1,Eberhard,33,Edouard Koehn,1,Edox,5,El Primero,36,Emile Chouriet,1,Emmanuel Bouchet,1,Emmanuel Breguet,1,enamel dial,9,enamelling,15,Equation of time,9,ETA,1,Eterna,18,exhibitions,1,F.P.Journe,34,Faberge,2,factory tours,3,Favre-Leuba,1,feature article,66,features,103,Ferdinand Berthoud,6,flyback,49,Fondation de la Haute Horlogerie,1,Fortis,8,Franc Vila Founder,1,Franck Muller,7,Frederique Constant,14,Furlan Marri,1,FVF,1,Gallet,1,Geneva Watchmaking Grand Prix,8,Georg Jensen,1,George Daniels,4,Gerald Charles,2,Gerald Genta,9,Girard-Perregaux,42,Glashuette,18,Glashuette Original,68,Glashütte,32,Glashütte Original,100,Glycine,4,GMT,96,GoS,1,GoS Watches,1,GPHG,14,GPHG 2020,3,GPHG 2021,3,GPHG2019,1,Graham,6,Grand Feu,5,Grand Prix d’Horlogerie de Geneve,14,Grand Seiko,23,Grande Complication,26,Grande Sonnerie,7,Greubel Forsey,35,greubelforsey,1,Gronefeld,8,Grönefeld,8,Grossmann,3,guilloché,5,H. Moser and Cie,42,H20 Watch,1,Habring,9,Habring2,10,Hajime Asaoka,2,Hallmark of Geneva,2,Hamilton,30,hands-on,89,Hanhart,5,Harry Winston,11,Hautlence,5,Hermes,23,Heuer,2,high jewellery,1,Hublot,38,Hybris Artistica,1,Hydro Mechanical Horologists,7,HYT Watches,15,Icon,1,In pictures,10,independent watchmaker,17,industry news,201,interview,6,Interviews,6,IWC,134,Jaeger-LeCoultre,113,Jaquet Droz,58,Jean-Francois Mojon,1,Jean-Marc Pontroué,1,JeanRichard,3,jumping hours,32,Junghans,9,Kaj Korpela,1,Kari Voutilainen,9,Kenissi,1,Korpela,1,Krayon,3,Kudoke,4,Kurono,2,L'Epee 1839,1,Ladies watches,157,Lang & Heyne,3,Lange,42,large date,2,Laurent Ferrier,23,Laureus,2,Le Garde Temps,1,Lederer Watches,2,Leica,2,Lemania,1,Leroy,3,Linde Werdelin,2,Longines,73,Louis Erard,13,Louis Moinet,7,luxury steel watch,14,LVMH,9,LVMH 2020,6,M.A.D.Edition,2,M.A.D.Editions,2,Maîtres du Temps,1,Manufacture Contemporaine du Temps,3,Manufacture Royale,3,Marc Lang,1,marine chronometer,1,Maurice de Mauriac,2,Maurice Lacroix,11,MB&F,51,MCT,1,MeisterSinger,69,meteorite,2,metiers d'art,1,Mido,34,military watches,14,Minerva,2,Ming,1,Minute Repeater,55,monopusher chronograph,3,Montblanc,52,moon phases,108,Moritz Grossmann,29,Moser,37,Muhle,4,Mühle-Glashütte,3,mystery watches,4,Nautilus,8,New Britain Corp,1,new watches,2992,Nomos,57,Norqain,25,Ochs und Junior,4,Officine Panerai,92,Omega,161,Only Watch,9,Only Watch 2015,4,Only Watch 2017,2,Only Watch 2019,3,Only Watch 2021,4,Oris,36,paillonne,1,Panerai,95,Parmigiani,10,Parmigiani Fleurier,28,Pascal Coyon,1,Patek,43,Patek Philippe,117,Pedrozo & Piriz,1,perpetual calendar,126,Perrelet,10,Petermann Bedat,2,Phenomen,1,Philippe Dufour,1,Phillips,8,Piaget,24,Pierre DeRoche,2,pilot watch,90,Pisa,6,Pisa Circle,6,Pita,1,planetarium,1,platinum,5,pocket watch,3,pocket watches,2,Poincon de Geneve,2,Porsche Design,17,Pre-SIHH 2016: Cartier - Clé de Cartier Automatic Skeleton,1,pulsometer,5,Purnell,1,quartz,6,Rado,14,Ralf Tech,2,Ralph Lauren,2,rattrapante,19,Raul Pages,1,Raymond Weil,1,rectangular watches,12,reddot award,1,regatta,1,regulator,20,remontoire,5,Remy Cools,1,Reservoir,2,resonance,18,Ressence,10,retrograde,8,Revelation,1,Reverso,21,review,89,RGM,1,RGM Watch Co.,1,Richard Mille,95,Richemont,4,Richmond,1,Roger Dubuis,11,Roger Smith,1,Roger W. Smith,1,Rolex,55,Romain Gauthier,11,Romain Jerome,1,Royal Oak,28,Rudis Sylva,1,sapphire,3,Seamaster,5,Seiko,31,SevenFriday,17,SIHH,3,SIHH 2012,4,SIHH 2013,25,SIHH 2014,36,SIHH 2015,43,SIHH 2016,44,SIHH 2017,40,SIHH 2018,43,SIHH 2019,53,Singer,4,Singer Reimagined,7,single hand,18,single-hand watches,21,Sinn,14,skeleton,27,smartwatch,8,solar energy,1,Sotheby's,5,Speake-Marin,4,Speedmaster,30,split seconds,14,sport watches,758,Spring Drive,2,square watches,2,squelette,47,steampunk,1,Steinhart,1,striking time,16,SuisseMecanica,1,sunrise,2,sunset,2,Swatch,5,Swatch Group,18,Sylvain Pinaud,1,table clocks,4,Tag Heuer,142,technical insight,3,terra Cielo Mare,1,Tiffany,17,Tissot,6,titanium,5,top news,261,Torsti Laine,1,tourbillon,311,Trilobe,3,Tudor,30,Tulloch,1,Tutima,3,ultra thin,30,Ulysse Nardin,36,Unimatic,1,Union Glashutte,10,Urban Jurgensen,29,Urwerk,20,Vacheron Constantin,78,Van Cleef & Arpels,7,Vauchier Fleurier,1,Vianney Halter,5,video,1,vintage watches,3,Vulcain,9,wandering hours,1,watches,1,Watches & Wonders,38,Watches & Wonders 2020,19,Watches & Wonders 2021,28,Watches & Wonders 2022,34,Watches&Wonders,4,WatchesandWonders2022,35,Winnerl,1,worldtime,47,Zannetti,1,Zeitwerk,1,Zeitwinkel,1,Zenith,98,Zodiac,7,
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Time and Watches | The watch blog: Swatch Group: half-year report 2022
Swatch Group: half-year report 2022
The Swatch Group released its financial report for the first six months of 2022. Here the main figures.
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Time and Watches | The watch blog
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