Swatch Group AG/The

The Swatch Group AG engages in the business of designing, manufacturing, and selling finished watches, jewelry, watch movements, and components. It operates through the following segments: Watches and Jewelry, Electronic Systems, and Corporate. The Watches and Jewelry segment is involved in the designing, producing, and commercializing watches and jewelry. The Electronic Systems segment focuses on electronic components and sports timing activities. The company was founded by Nicolas Georges Hayek in 1983 and is headquartered in Biel, Switzerland.

Swatch Group reported sales of 3.39 billion Swiss francs ($3.70 billion) during the first six months of 2021, Swiss news agency AWP reported on Monday, up from 2.19 billion francs the company posted a year earlier.

Swatch Group reports improving sales during first half of 2021 -AWP

The Swatch Group finished off a very weak 2020. It was able to keep the damage limited: The small net loss was caused by a high tax bill while the cash flow statements indicate a small positive free cash flow.

The Swatch Group: Shifting Into A Higher Gear In The Post-COVID World

Consumers are willing to splash out on watches in markets where shops are open, in Asia and also the United States, Swatch Group Chief Executive Nick Hayek told an online media briefing on the watchmaker's full-year results on Thursday.

Swatch Group sees catch-up effect on sales in Asia, U.S.

FORT COLLINS, Colo., Sept. 14, 2020 /PRNewswire/ -- Vortic Watch Company announces victory in a trademark case filed against the company by Hamilton Watch International, a Swatch Group brand.

Vortic Watch Company Wins Landmark Lawsuit Against Swatch Group Brand, Hamilton

Swatch Group will be free to supply mechanical watch movements wherever it wants, but won't be allowed to abuse its dominant market position by undercutting rivals' prices, Swiss competition watchdog WEKO said on Wednesday.

Swatch Group free to supply watch movements, says Swiss watchdog

The giant Swiss watchmaker has cut its workforce by 2,400 as part of a turnaround plan to ensure a speedy rebound.

News for Swatch Group AG/The Stock (SWGAY)