2017 figures: Dynamic growth for Swatch Group
The Swatch Group has published its 2017 figures and speaks of a dynamic growth in all price segments. The strongest increase was made in the prestige and luxury segment. The group could record a growth in all regions, the strongest in Asia/Pacific, in both wholesale and retail. Extraordinary performance was made by Harry Winston and a very strong acceleration of Omega was measured in the second half of the year. The basic and middle range price segment, with Flik Flak, Swatch, Calvin Klein, Hamilton, Mido and Tissot, recorded good growth in value, in the second half of the year, as well as in volumes. December made this good year even better with the second best monthly sales in the history of the Swatch Group.
Net sales of the total group rose by 5.4% to CHF 7,960 million. The Watches and Jewelry segment recorded a growth of 6.9% (both at actual exchange rates). The second half of the year, and especially the fourth quarter, experienced the fastest increase. Respectively 12.2 % and 14.9% compared to 2016. The Swatch Group also referred to a good start and a positive outlook for 2018 in all segments with numerous new product launches and very good capacity utilization in production, which will further profit from higher volumes.