Swatch Group: 2010 Semi-annual Report; Sales And Profit Performance Report For The First Half Of The Year

In terms of local currency, the sales of watches and jewellery divisions increased strongly by 32.9% compared to the first half of 2009 (30.6% in Swiss francs), 10.1% higher than the half-year record in 2008 (9.3% in Swiss francs).
 · The performance is basically better than the export figures for the first half of 2010 announced by the Swiss Watch Industry Federation.
 The Group’s total sales were 3.031 billion, which exceeded the 3 billion Swiss francs mark for the first time in the first half of the year, an increase of 22.2% compared to the same period in 2009 and an increase of 2% compared to 2008.
 Operating profit reached 626 million Swiss francs, a significant increase of 81.4%, while net profit increased by 21.8%.
 Net income reached 465 million Swiss francs, an increase of 54.5%, which means that net sales increased by 16.2%.
 In local currency terms, watch sales in various sectors and regions will continue to grow strongly in July.
 · With the launch of many new products in the second half of the year, we have a positive outlook, such as the world-exclusive chronograph ‘XXII 10Hz’ launched by Breguet. Support and referral by Kras Hayek.
Source: Swatch Group
www.swatchgroup.com