Although the current second wave of lockdowns and uncertainty related to the Coronavirus have obliged us to cut again our earnings expectations for H2 20, crowded watch stores during the limited opening period last year have proved that the appetite for high-end watches has not gone away. We expect the demand for high-end watches after the pandemic will be even stronger than the pre-crisis level.
Also, Swatch’s unique vertically-integrated model and larger production scale offer more room for m ....
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Brighter outlook
Although the current second wave of lockdowns and uncertainty related to the Coronavirus have obliged us to cut again our earnings expectations for H2 20, crowded watch stores during the limited opening period last year have proved that the appetite for high-end watches has not gone away. We expect the demand for high-end watches after the pandemic will be even stronger than the pre-crisis level.
Also, Swatch’s unique vertically-integrated model and larger production scale offer more room for m ....