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2017 figures: Dynamic growth for Swatch Group

Very strong acceleration of Omega in the second half of 2017.
Very strong acceleration of Omega in the second half of 2017.

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.

Tissot, one of the brands that recorded growth in value and volume.
Tissot, one of the brands that recorded growth in value and volume.

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.

Tags : OmegaSwatch GroupTissot
0024 Editorial Team

The author 0024 Editorial Team

When we started publishing our first high-end watch magazine in 1999, we had only one intention: increasing the popularity of high-quality mechanical watches. Now, many years later, this has not changed at all. In 2017 we have reinvented ourselves to serve our readers in a different and better way. Starting in 2017, the new 0024 is again better equipped to interact with the changing world of high-end watches. The new 0024 HORLOGES magazine (written in Dutch) will be at least a 200 pager: that’s twice the volume of our magazine in the old days.