The solid momentum in China and accelerated recovery in the US, along with the favourable product mix have not only resulted in an encouraging top-line improvement but also strong profitability in H1 21.
Swatch now expects H2 21 sales to surpass the 2019 level, which is ahead of market consensus and our expectations.
Swatch’s subsidiary EM Microelectronic has benefited well from the global microchips’ shortage, which could be a new driver in the long term.
13 Jul 2021
Stronger-than-expected profitability
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Stronger-than-expected profitability
The solid momentum in China and accelerated recovery in the US, along with the favourable product mix have not only resulted in an encouraging top-line improvement but also strong profitability in H1 21.
Swatch now expects H2 21 sales to surpass the 2019 level, which is ahead of market consensus and our expectations.
Swatch’s subsidiary EM Microelectronic has benefited well from the global microchips’ shortage, which could be a new driver in the long term.