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SWGAY Swatch Group AG (PK)

9.80
-0.13 (-1.31%)
24 Jul 2024 - Closed
Delayed by 15 minutes
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

Swiss August Watch Exports Rise 5.2% on Year on Asian Demand

20/09/2012 7:35am

Dow Jones News


Swatch (PK) (USOTC:SWGAY)
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From Jul 2019 to Jul 2024

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  By Neil MacLucas 
 

ZURICH--Swiss watch exports climbed 5.2% on year in August driven by continuing robust demand from Asia, data released Thursday by Switzerland's customs office showed.

The value of watch exports reached 1.47 billion Swiss francs ($1.58 billion) in August, up 5.2% in real terms from the same month a year earlier. In nominal terms, the gain was 12.7%, the office said.

Swatch Group AG (UHR.VX), Compagnie Financiere Richemont SA (CFR.VX) and privately held Rolex are the main producers.

Shares in Swatch closed Wednesday at CHF397.90, up 13% this year to date. Those of Richemont closed at CHF61.15, for a gain of 28% in the same period.

Write to Neil MacLucas at neil.maclucas@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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