02.2.2 swatch group
FINISHED WATCHES: NUMBER ONESwatch Group is an international group active in the manufacture and sale of finished watches, jewelry, watch movements and components.
With its nineteen different watch brands and its multi-brand Tourbillon retail label, Swatch Group is the world’s number one maker of finished watches. Present in all segments of the retail watch market, Swatch Group is also active in the manufacture and sale of jewelry, watch movements and components. It supplies nearly all the components required to manufacture the watches of its nineteen brands and supplies movements and components to third-party watchmakers in Switzerland and around the world.
Swatch Group is also a key player in advanced micromechanical and microelectronic technologies essential to watchmaking and other industries. Swatch Group employs more than 25,000 persons in over 50 countries.
Swatch Group brands: Breguet, Blancpain, Glashütte Original, Jaquet Droz, Léon Hatot, Omega, Tiffany & Co., Longines, Rado, Union Glashütte, Tissot, ck watch & jewelry, Balmain, Certina, Mido, Hamilton, Swatch, Flik Flak, Endura and Tourbillon.
Key Figures 2010
• Record gross sales of CHF 6’440 million despite negative currency effects of CHF 164 million or –3% versus 2009 (CHF 285 million or –4.7% versus 2008; CHF 596 million or –10% versus 2007).
• Record operating profit of CHF 1’436 million, with an operating margin of 23.5% (versus 17.6% in 2009).
• Net income of CHF 1’080 million, representing an increase of 41.5% on 2009 and of 6.4% on the record year of 2007, despite currency losses.
• Substantial equity of CHF 7.1 billion or 82.4% of total balance sheet (versus 77.6% in 2009).
• Prospects remain good for the year 2011 as a whole, despite the current strength of the Swiss Franc.
For more information, please visit swatchgroup.com.
