ZURICH ― Shares in Swiss watchmaker Swatch slumped on Thursday after it reported lower-than-expected earnings on the back of weak sales in China.
In a report released today, Carole Madjo from Barclays maintained a Sell rating on The Swatch Group (SWGAF – Research Report), with a price ...
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Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.
Keen watchers of the global export figures for the Swiss watch industry might conclude that 2024 was a little more ...
Stock slid after the company posted disappointing results driven by falling sales in its crucial market China, which accounts ...
In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. Axfood added 6.5% and St. James's Place rose 6.1%. On the other hand, Deutsche Bank slipped 6.1%, and Swatch Group Bearer dropped 5.8%.
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 ...
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Swatch Group's sales and profit fell during 2024, the Swiss watchmaker said on Thursday, as improvements in the United States ...
Swatch is celebrating the Year of the Snake with the launch of two new watch models, the Golden Red Bamboo and the Blue and ...