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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 Watch Exports Rise 6.9% On Year In July On Asian Demand

23/08/2012 7:30am

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 increased 6.9% on the year in July, driven by ongoing robust demand from Asia, data released Thursday by Switzerland's customs office showed.

The value of watch exports reached 1.97 billion Swiss francs ($2 billion) in July, up 6.9% in real terms from the same month a year earlier. In nominal terms, the gain was 15.4%, the office said.

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

Shares in Swatch closed Tuesday at CHF403.70, up 16% in the year to date. Those of Richemont closed at CHF60.65, for a gain of 30% in the same period.

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

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