Swatch’s profit fell 75 per cent on double-digit sales decline
Swatch’s profit dipped more than 75 per cent while its sales decreased more than 12 per cent in FY24. The company’s net sales fell to CHF6.7 billion ($7.3 billion) for the year. Its operating profit ...
Swatch — the parent of Longines, Omega, and Tissot — is seeing sales slump, and it's because of China
Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.
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Tissot’s New Le Locle Might Be the Best Value Automatic Watch on the Market
It often goes unheralded just how massive Tissot’s influence is on the Swiss watch market. While other brands in the Swatch ...
The Swatch Stock: Profit Plunges 75% Amid China Slowdown
The Swiss watchmaker Swatch Group experienced a severe downturn in fiscal year 2024, with net profit plummeting by approximately 75% to 219 million Swiss francs. This dramatic decline prompted the ...
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Swatch Group's results weighed down by China in 2024
Zurich - Swiss watchmaker Swatch Group saw its profits and sales plummet in 2024 due to falling demand in China and a decline ...
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Switzerland: Watch exports to fall by 2.8 percent in 2024
Zurich - Swiss watch exports contracted by 2.8 percent in 2024 to 25.9 billion Swiss francs (23 billion pounds) due to a drop of more than 25 percent ...