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| Name | Symbol | Market | Type |
|---|---|---|---|
| Swatch Group AG (PK) | USOTC:SWGAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.13 | -1.31% | 9.80 | 9.79 | 9.95 | 10.05 | 9.79 | 10.01 | 107,753 | 21:02:13 |
From Jul 2019 to Jul 2024
ZURICH (Dow Jones) Swatch Group AG (UHR.VX) Thursday said first-half profit rose despite the strength of the Swiss franc, and the outlook for the rest of the year looks promising, given robust sales in July.
The Swiss watchmaker said net income climbed 24.5% to 579 million Swiss francs ($722 million) in the six months through June, with group sales rising by a similar amount to CHF3.36 billion.
The "strongly overvalued franc" had a negative impact on first-half sales of CHF387 million, and the currency will continue to impact on results, Swatch said.
"The outlook for the second half of the year remains promising, particularly given the fact that July is confirming the trend in sales and results of the first half," it said in a statement.
Swatch shares closed at CHF424.30 Wednesday, for a year-to-date gain of 2%.
By Neil MacLucas, Dow Jones Newswires; +41 43 443 8046; neil.maclucas@dowjones.com
1 Year Swatch (PK) Chart |
1 Month Swatch (PK) Chart |
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