Saturday, April 1, 2023

Swatch increases profits in 2022

by admin
0 comment

Nick Hayek sees himself on course for success

Swatch will increase profits in 2022 – analysts disappointed

Higher turnover, more profit – and yet not everything is rosy. Watch company Swatch has published its results for 2022. The details.

Published: 21 minutes ago


Updated: 19 minutes ago

Not so grim, Mr. Hayek! His Swatch Group has had a successful 2022.

The watch group Swatch grew in 2022 and also made more money. Global demand for watches was high in a difficult market environment, despite disruptive factors such as the war in Ukraine, the corona pandemic in China and the general growing concerns about the economy.

The Swatch Group increased sales in the 2022 financial year by 2.5 percent to CHF 7.50 billion, according to a statement on Tuesday. Adjusted for currency effects, i.e. at constant exchange rates, sales grew by 4.6 percent. In the first half of the year alone, growth was 6.5 percent.

Related News

Latest Switzerland News and updates and political news, follow our daily update about the congress and the government roundup, we also provide the latest news from all over the world minute by minute, subscribe to get the latest updates directly to your inbox.

© 2022 All Right Reserved. Switzerland Times