Swatch 1st Half Profit Soars as Sales Rise Across all Brands
18 Luglio 2018 - 8:17AM
Dow Jones News
By Nathan Allen
Swatch Group AG (UHR.EB) said Wednesday that its first-half net
profit rose sharply due to higher sales by all brands and in all
price segments.
Net profit for the first half rose more than 70% to 458 million
Swiss francs ($459.2 million) from CHF269 million a year earlier,
while sales rose 15% to CHF4.27 billion, the company said.
Sales rose in all regions, led by strong growth in Asia and a
double-digit increase in North America, Swatch said.
Looking ahead, the company said the second half of the year
promises further growth and market-share expansion
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 18, 2018 02:02 ET (06:02 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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