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Swatch Group: key figures 2022

The Swatch Group published the key figures for financial year 2022
Swatch Group: key figures 2022

The Swatch Group published the key figures for financial year 2022, reporting net sales of CHF 7,499 million, +2.5% to the previous year at current exchange rates, or +4.6% at constant rates.

The operating profit increased to CHF 1,158 million from CHF 1,021 million in 2021 with an operating margin of 15.4% (previous year: 14.0%). The Watches & Jewelry segment (excluding Production) performed even better with a strong operating margin of 17.2% for the entire year. 

The net income reached CHF 823 million. Net margin of 11.0%.

The operating cash flow of CHF 724 million  was lower versus previous year (CHF 1 298 million) due to precautionary increase in safety stock in view of potential energy shortages and possible delivery bottlenecks.

The number of employees increased in comparison with the previous year by 617 or 2.0% to 32 061 persons.

Sales experienced a 25% growth in local currencies in all regions, with the exception of China, where Covid lockdowns resulted in sales shortfalls of over CHF 700 million.

The MoonSwatch was a best seller, with over 1,000,000 units sold. The high demand continues in the approximately 180 stores which exclusively offer the MoonSwatch.

The Group Management anticipates strong sales growth in 2023 in all regions and segments. After the end of Covid measures, consumption quickly recovered, not only in China, but also in the surrounding markets of Hong Kong SAR and Macau. In addition, lifting of travel restrictions in China will revitalize sales in tourist destinations. The sales growth in January in China reinforces the Group's expectation to aim for a record year in 2023. swatchgroup.com

COMMENTS

Name

A. Lange & Sohne,125,AkriviA,10,Alain Silberstein,2,alarm,13,Alpina,13,Andersen Geneve,2,Andersmann,2,Andreas Strehler,5,Angelus,5,annual calendar,39,Anonimo,15,Anthony de Haas,1,Antiquorum,2,Antoine Martin,2,Antoine Preziuso,1,Apple,2,Apple Watch,2,Aquadive,2,Aquastar,1,Armin Strom,67,Arnold and Son,23,Astarwatch,1,Atelier de Chronometrie,1,Ateliers deMonaco,2,Atmos,1,Auctions,76,Audemars Piguet,74,Autodromo,1,automaton,2,BA111OD,1,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,52,Bell & Ross,35,Bernard Lederer Universe,1,Bernhard Lederer,2,Bernhard Zwinz,1,bespoke,1,Blancpain,81,BLU,1,blue dial,3,Bonhams,2,Bovet,11,Brands histories,1,Breguet,109,Breitling,64,Bremont,1,Bremont Watch Company,4,Breva,2,bronze,25,Bücherei,1,Bulgari,98,Bulova,1,Burberry,1,C3H5N3O9,1,carbon,2,carillon,3,Carl F. Bucherer,3,Carl Suchy,1,Carrera,11,Cartier,45,ceramic,12,Certina,8,Chanel,4,Chaumet,3,chiming hour,10,Chopard,36,Christiaan van der Klaauw,1,Christie's,7,Christophe Claret,5,Christopher Ward,10,chronograph,616,chronometer,35,Chronoswiss,5,Citizen,3,co-axial,1,column-wheel,7,complete calendar,21,complications,85,concept watch,5,Concord,1,constant-force,39,Corum,18,Credor,1,CSEM,1,Cuervo y Sobrinos,1,Cyrus,25,Czapek,6,Dan Niederer,1,Davosa,1,Daytona,5,De Bethune,26,de Grisogono,3,dead seconds,20,detent escapement,2,DeWitt,9,digital display,1,dive watches,18,diving,8,diving watches,334,double regulator,3,Doxa,25,drei,1,dress watches,453,dual time,93,Ebel,1,Eberhard,34,Edouard Koehn,2,Edox,5,El Primero,38,Emile Chouriet,1,Emmanuel Bouchet,1,Emmanuel Breguet,1,enamel dial,10,enamelling,15,Equation of time,9,ETA,1,Eterna,18,exhibitions,1,F.P.Journe,36,Faberge,2,factory tours,3,Favre-Leuba,1,feature article,68,features,105,Felipe Pikullik,1,Ferdinand Berthoud,7,flyback,51,Fondation de la Haute Horlogerie,1,Fortis,8,Franc Vila Founder,1,Franck Muller,7,Frederic Jouvenot,1,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,10,Girard-Perregaux,46,Glashuette,18,Glashuette Original,74,Glashütte,32,Glashütte Original,107,Glycine,4,GMT,106,GoS,1,GoS Watches,1,GPHG,17,GPHG 2020,3,GPHG 2021,3,GPHG 2022,3,GPHG2019,1,Graham,6,Grand Feu,5,Grand Prix d’Horlogerie de Geneve,15,Grand Seiko,25,Grande Complication,26,Grande Sonnerie,7,Greubel Forsey,36,greubelforsey,1,Gronefeld,10,Grönefeld,8,Grossmann,3,guilloché,6,H. Moser and Cie,44,H20 Watch,1,Habring,9,Habring2,10,Hajime Asaoka,2,Hallmark of Geneva,2,Hamilton,32,hands-on,95,Hanhart,10,Harry Winston,11,Hautlence,6,Hermes,26,Heuer,2,high jewellery,1,high-frequency,1,Hublot,44,Hybris Artistica,1,Hydro Mechanical Horologists,7,HYT Watches,15,Icon,1,In pictures,11,independent watchmaker,18,industry news,209,interview,6,Interviews,6,IWC,145,Jaeger-LeCoultre,114,Jaquet Droz,58,Jean-Francois Mojon,1,Jean-Marc Pontroué,1,JeanRichard,3,jumping hours,34,Junghans,9,Kaj Korpela,1,Kari Voutilainen,9,Kenissi,1,Korpela,1,Krayon,4,Kudoke,4,Kurono,2,L'Epee 1839,1,Labails,1,Ladies watches,170,Lang & Heyne,3,Lange,44,large date,2,Laurent Ferrier,25,Laureus,2,Le Garde Temps,1,Lederer Watches,2,Leica,2,Lemania,1,Leroy,3,Linde Werdelin,2,Longines,76,Louis Erard,16,Louis Moinet,7,luxury steel watch,19,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,17,MB&F,55,MCT,1,MeisterSinger,75,meteorite,2,metiers d'art,1,Mickey Mouse,2,Mido,44,military watches,14,Minerva,2,Ming,1,Minute Repeater,56,monopusher chronograph,4,Montblanc,55,moon phases,112,Moritz Grossmann,30,Moser,39,Muhle,5,Mühle-Glashütte,4,mystery watches,4,Nautilus,11,New Britain Corp,1,new watches,3166,Nomos,60,Norqain,31,Ochs und Junior,5,Officine Panerai,94,Omega,171,Only Watch,9,Only Watch 2015,4,Only Watch 2017,2,Only Watch 2019,3,Only Watch 2021,4,Oris,39,paillonne,1,Panerai,97,Parmigiani,11,Parmigiani Fleurier,30,Pascal Coyon,1,Patek,50,Patek Philippe,126,Pedrozo & Piriz,1,perpetual calendar,131,Perrelet,10,Petermann Bedat,2,Phenomen,1,Philippe Dufour,1,Phillips,8,Piaget,24,Pierre DeRoche,2,pilot watch,93,Pisa,8,Pisa Circle,8,Pita,1,planetarium,2,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,9,Rado,18,Ralf Tech,3,Ralph Lauren,2,rattrapante,19,Raul Pages,1,Raymond Weil,1,rectangular watches,13,reddot award,1,regatta,1,regulator,21,remontoire,5,Remy Cools,1,Reservoir,2,resonance,18,Ressence,10,retrograde,9,Revelation,1,Reverso,22,review,95,RGM,1,RGM Watch Co.,1,Richard Mille,99,Richemont,4,Richmond,1,Roger Dubuis,11,Roger Smith,1,Roger W. Smith,1,Rolex,60,Romain Gauthier,12,Romain Jerome,1,Royal Oak,30,Rudis Sylva,1,sapphire,3,Seamaster,5,Seiko,32,SevenFriday,20,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,5,Singer Reimagined,8,single hand,20,single-hand watches,23,Sinn,14,skeleton,29,smartwatch,9,solar energy,1,Sotheby's,5,Speake-Marin,4,Speedmaster,32,split seconds,16,sport,1,sport watches,816,Spring Drive,2,square watches,2,squelette,50,steampunk,1,Steinhart,1,striking time,16,SuisseMecanica,1,sunrise,2,sunset,2,Swatch,5,Swatch Group,19,Sylvain Pinaud,2,table clocks,4,Tag Heuer,153,technical insight,3,terra Cielo Mare,1,Theo Auffret,1,Tiffany,17,Tissot,6,titanium,5,top news,297,Torsti Laine,1,tourbillon,327,Trilobe,3,Tudor,31,Tulloch,1,Tutima,3,ultra thin,30,Ulysse Nardin,36,Unimatic,1,Union Glashutte,12,Urban Jurgensen,29,Urwerk,21,Vacheron Constantin,78,Van Cleef & Arpels,7,Vauchier Fleurier,1,Vianney Halter,5,video,1,vintage watches,3,Vulcain,11,wandering hours,1,watches,1,Watches & Wonders,40,Watches & Wonders 2020,19,Watches & Wonders 2021,28,Watches & Wonders 2022,34,Watches & Wonders 2023,2,Watches&Wonders,4,WatchesandWonders2022,35,WatchesandWonders2023,2,Winnerl,1,worldtime,49,Zannetti,1,Zeitwerk,2,Zeitwinkel,1,Zenith,103,Zodiac,9,
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Time and Watches | The watch blog: Swatch Group: key figures 2022
Swatch Group: key figures 2022
The Swatch Group published the key figures for financial year 2022
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