The Swiss watchmaker has seen its sales decrease by 3% in 2015, for the first time in six years, worth CHF8,451m. At constant currencies, the decline is 0.9%. The Watches & Jewellery segment reported CHF8,177m sales, down by 3%. The operating profit was significantly impacted, dropping by 17% to CHF1,451m and pulling down the operating margin to 17.2%. The Watches & Jewellery segment, including Production, outperformed slightly with an 18.8% operating margin. The bottom line disappoin

04 Feb 2016
The bad Chinese sales’ momentum weighs on FY15 figures

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The bad Chinese sales’ momentum weighs on FY15 figures
Swatch Group Ltd. Bearer (UHR:FRA) | 0 0 0.8% | Mkt Cap: 22,296m
- Published:
04 Feb 2016 -
Author:
Rim BEN SALAH -
Pages:
2 -
The Swiss watchmaker has seen its sales decrease by 3% in 2015, for the first time in six years, worth CHF8,451m. At constant currencies, the decline is 0.9%. The Watches & Jewellery segment reported CHF8,177m sales, down by 3%. The operating profit was significantly impacted, dropping by 17% to CHF1,451m and pulling down the operating margin to 17.2%. The Watches & Jewellery segment, including Production, outperformed slightly with an 18.8% operating margin. The bottom line disappoin