Swatch has published disappointing figures for FY20. Despite the good summer, the second wave of lockdowns and ongoing global travel disruptions have weighed on the group’s business again. Therefore, the improvements in the second half were not enough to compensate for the loss of the first half.
However, the group has confirmed that the strong market dynamics came at the very end of 2020, and it expects that revenue will return to the level of 2019 in 2021.
