Swatch reported encouraging results for the first half. Not only did the Group’s sales benefit from the rebound in China and the recovery in travel spending in Asia, but the accelerated expansion in the retail contribution also put margins on a new trajectory.
Although unfavourable exchange rate effects will continue to weigh on the Group’s business in the year ahead, the desirability of Omega and the Group’s strong pricing power in the lower mid-range market will continue to support growth.
19 Jul 2023
Encouraging margin progression
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Encouraging margin progression
Swatch reported encouraging results for the first half. Not only did the Group’s sales benefit from the rebound in China and the recovery in travel spending in Asia, but the accelerated expansion in the retail contribution also put margins on a new trajectory.
Although unfavourable exchange rate effects will continue to weigh on the Group’s business in the year ahead, the desirability of Omega and the Group’s strong pricing power in the lower mid-range market will continue to support growth.