Group sales edged up 1.2% at constant rates to CHF3,705m in H1. On a reported basis, sales were down 0.3%. The Watches and Jewellery segment’s revenue stepped up 1.2% to €3,576m. Excluding production, the segment was up 2.9% at CER. Electronic systems sales were cut by 2.2% to CHF133m. Market momentum improved significantly in mainland China while sales in Hong Kong stabilised. The performance in Europe was enhanced by the dynamism in the UK, Spain, Italy and Switzerland. The stron
22 Jul 2017
H1: A shy turning point
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H1: A shy turning point
Group sales edged up 1.2% at constant rates to CHF3,705m in H1. On a reported basis, sales were down 0.3%. The Watches and Jewellery segment’s revenue stepped up 1.2% to €3,576m. Excluding production, the segment was up 2.9% at CER. Electronic systems sales were cut by 2.2% to CHF133m. Market momentum improved significantly in mainland China while sales in Hong Kong stabilised. The performance in Europe was enhanced by the dynamism in the UK, Spain, Italy and Switzerland. The stron