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04 Dec 2019
THE SWATCH GROUP: 2019-21 EPS lowered by 6% | NEUTRAL | CHF285 vs. CHF305 (+5%)
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THE SWATCH GROUP: 2019-21 EPS lowered by 6% | NEUTRAL | CHF285 vs. CHF305 (+5%)
THE SWATCH GROUP - NEUTRAL | CHF285 vs. CHF305 (+5%)
2019-21 EPS lowered by 6%
H2 sales strongly affected by Hong Kong
Cost savings policy will not prevent profitability erosion
Still weak visibility!