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
