Swatch Group reports $1 billion CHF increase in 2012 gross sales

by eyetee | January 10, 2013 2:55 pm

SB_SP70_Racing-Date_326.30. — Swatch Group is reporting its 2012 gross sales are up 1 billion CHF to 8.143 billion CHF ($8.7 billion Cdn). Speedmaster Racing by Omega seen here.

Gross sales for the Swatch Group in 2012 increased 14 per cent to 8.143 billion CHF ($8.7 billion Cdn), a billion more than the previous year.

“Again in 2012, [Swatch Group] brands performed convincingly in all regions and price segments, notably outside Greater China as well, and realized further conspicuous growth in market share,” the company said in a press release. “As a result, gross sales in the watches and jewellery segment increased by +15.6 per cent to 7.297 billion CHF [($7.8 billion Cdn)].”

Swatch Group says early indications are 2013 is off to a good start and healthy growth is again expected.

Other highlights include:

Good operating profit and net income is expected, despite significant marketing expenses surrounding the Olympic Games in London and currency issues.
Expanded production resulted in improved performance, which led to an increase in gross sales of +10.1 per cent to 2.218 million CHF ($2.4 million Cdn). Existing bottlenecks were further reduced in 2012.

Endnotes:

[Image]: http://www.jewellerybusiness.com/wp-content/uploads/2013/01/SB_SP70_Racing-Date_326.30..jpg

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