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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
Swatch Group AG (UHR.VX) Chief Executive Nick Hayek wants the present Euro-Swiss franc imposed by the Swiss National Bank to remain in force, local newspaper Handelszeitung reports in an article to be published Thursday.
The EUR-CHF floor of 1.20 was introduced last September to curb the value of the currency which reached almost parity against the euro and threatened to make Swiss industry and exports uncompetitive.
Without the floor "our industry and our tourism would today be threatened with extinction," Mr. Hayek says.
The high value of the franc against the euro and the U.S. dollar had reduced the profit of Swatch, the world's largest watchmaker.
"We still make profits because we are a well organized business," Mr. Hayek is quoted as saying.
Newspaper website: www.handelszeitung.ch
-Zurich Bureau, Dow Jones Newswires; +41 43 443 8040; zurichdjnews@dowjones.com
1 Year Swatch (PK) Chart |
1 Month Swatch (PK) Chart |
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