Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.

ZURICH ― Shares in Swiss watchmaker Swatch slumped on Thursday after it reported lower-than-expected earnings on the back of weak sales in China.

In a report released today, Carole Madjo from Barclays maintained a Sell rating on The Swatch Group (SWGAF – Research Report), with a price ...

Swatch’s profit dipped more than 75 per cent while its sales decreased more than 12 per cent in FY24. The company’s net sales fell to CHF6.7 billion ($7.3 billion) for the year. Its operating profit ...

The Swiss watchmaker Swatch Group experienced a severe downturn in fiscal year 2024, with net profit plummeting by approximately 75% to 219 million Swiss francs. This dramatic decline prompted the ...

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It often goes unheralded just how massive Tissot’s influence is on the Swiss watch market. While other brands in the Swatch ...

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