Trade Swatch Group AG - UHR CFD

Swatch Company profile

About Swatch Group AG

The Swatch Group SA is a Switzerland-based holding company engaged in the apparel and accessories industry. The Company’s activities are divided into two core business segments: Watches and Jewelry, as well as Electronic Systems. The Watches and Jewelry segment includes the production and sale of branded watches, jewelry and quartz movements, notably the brands Breguet, Harry Winston, Blancpain, Glashuette Original, Jaquet Droz, Leon Hatot, Omega, Longines, Rado, Union Glashuette, Tissot, Balmain, Certina, Hamilton, Calvin Klein watches and jewelry, Swatch and Flik Flak. The Electronic Systems segment includes the production and marketing of electronic components, notably batteries and sports timing equipment. The Company also supplies products from these segments to third-party watchmakers. Swatch Group SA is represented worldwide through its subsidiaries and distributors, notably Tourbillion and Hour Passion, and operates Swiss production plants in Boncourt, Grenchen and Villeret.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Swatch Group AG revenues increased 31% to SF7.31B. Net income before extraordinary items totaled SF770M vs. loss of SF102M. Revenues reflect Watches & Jewelry segment increase of 31% to SF7.01B, Electronic Systems segment increase of 16% to SF297M, Corporate segment increase of 25% to SF5M, China segment increase of 24% to SF3.08B, America segment increase of 84% to SF901M.