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Swatch, China
Swatch — the parent of Longines, Omega, and Tissot — is seeing sales slump, and it's because of China
Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.
Swatch posts steep drop in sales and profit as China struggles
Swatch Group's sales and profit fell during 2024, the Swiss watchmaker said on Thursday, as improvements in the United States and Japan failed to offset a steep downturn in China. The maker of Omega,
Swatch Group Profits Slump 75% in 2024, Dragged Down by China
Skittish Chinese consumers at home or abroad dragged down the Swatch Group: The Swiss company’s 2024 net income dropped 75 percent to 219 million Swiss francs, or $242 million at current exchange rates.
Swatch Profit Plunges Almost 75%, Hit by Weakness in China
Swatch Group AG profit fell sharply as the watch industry continues to struggle with weakness in Chinese consumer demand.
3d
on MSN
Swatch Group Shares Slump After Disappointing Results
Stock slid after the company posted disappointing results driven by falling sales in its crucial market China, which accounts ...
2d
Swatch Group price target lowered to CHF 125 from CHF 135 at JPMorgan
JPMorgan lowered the firm’s price target on Swatch Group (SWGAY) to CHF 125 from CHF 135 and keeps an Underweight rating on the shares.Invest ...
1d
Swatch Group Sees Results Plummet In 2024
Swatch Group reported sharply lower results for 2024. The prolonged slowdown of the watchmaking <a target=_blank href= ...
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6d
Best Swatch watches in 2025 for bright, affordable fun
Today, the Swatch Group includes luxury brands like Omega, Longines and Blancpain, plus Breguet, Hamilton, Rado, Tissot and others. Swatch itself still produces highly affordable plastic watches with ...
2d
Swatch Group price target raised to CHF 150 from CHF 140 at RBC Capital
RBC Capital raised the firm’s price target on Swatch Group (SWGAY) to CHF 150 from CHF 140 and keeps an Underperform rating on the ...
6d
on MSN
This Sexy New Swatch Collection Celebrates the Year of the Snake
Swatch is celebrating the Year of the Snake with the launch of two new watch models, the Golden Red Bamboo and the Blue and ...
9d
Swatch and Blancpain’s New Scuba Fifty Fathoms Is Doused in Bubblegum Pink
It’s been over a year since Swatch and Blancpain welcomed a new reference to their Bioceramic Scuba Fifty Fathoms series.
1d
Analysts Offer Insights on Consumer Cyclical Companies: Electrolux AB (OtherELRXF) and The Swatch Group (OtherSWGAF)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Electrolux AB (ELRXF – Research Report) and The ...
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