Therefore,
Watchmaker swatch group sees his:
Par
AFP
Published on
July 17. For example, 2025
The Swiss watchmaker Swatch Group published results heavily affected by the weakness of consumption in China on Thursday, having the first semester tumbled in net.
Owner of the multicolored plastic watch brand of the same name but also other brands. However, including Tissot, Longines and Omega, the group saw its net profit melted at 17 million Swiss francs (18.2 million euros) for the period from January to June. Consequently, against 147 million francs at the same period a year earlier, he said in a press release.
Its turnover fell 11.2% watchmaker swatch group sees his to 3 billion Swiss francs. Therefore, due to the weakness of consumption in China, Hong Kong and Macao as well as in the Southeast Asia markets “strongly dependent on Chinese tourists”, recognized the Swiss watchmaker.
At 10:50 a.m. GMT, the title, however, appreciated 0.80% to 138.25 Swiss francs, while the SPI, the widening index of the Swiss Stock Exchange, increased by 0.73%.
The watchmaking sector as a whole is faced with a drop in demand in China which suffers from the difficulties. of the real estate market. According to statistics from the watchmaking federation published separately on Thursday, exports from Swiss watches to China fell 18.7% during the first half and 13.3% to Hong Kong.
“As feared”. Swatch Group has again experienced a semester with “a lot of sand in the gears”, reacted Patrik Schwendimann, analyst at the Cantonal Bank of Zurich, in a market comment.
Signs of improvement watchmaker swatch group sees his
In detail. the Swiss group explained that wholesale sales on the Chinese market have dropped by more than 30% during the first half. His sales in his own shops. on the other hand, “made a little better, with a drop of 15%,” he quantified in the press release.
For the second half of the year, Swatch Group says, however, that “the first positive signs of improvement are visible”.
It expects to reduce stocks “accumulated by Chinese retailers, which should lead” therefore, a resumption of orders “, according to him. The group also puts on purchases coming from electronic commerce in China which should also help stimulate consumption.
According to the Swiss group, the United States, Japan and India also “always” growing growth potential “.
In the first half. its sales recorded two-digit growth in the United States, Mexico and Canada and increased by “more than 20%” in India.
Zurich, 17 Juil 2025 (AFP)
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Watchmaker swatch group sees his
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