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Swatch Group’s 2017 Results Show Strong Growth (and some Baselworld 2018 novelties partially revealed)

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After Richemont declared solid quarterly outcomes not long before SIHH 2018 and LVMH announced twofold digit growth for 2017 , it’s now Swatch Group’s go to reveal its yearly outcomes for the year 2017. Also, prior to going into subtleties, realize that the Group is solid and that the viewpoint for 2018 is still certain. Indeed, the business is by all accounts in full recuperation, with a couple of dangers that should be overseen soon though.

Swatch Group, probably the biggest watch & Jewelry combination – proprietor, among others, of Swatch, Omega, Breguet, Blancpain, Jaquet Droz, Glashütte Original, Longines, Tissot or Rado – just distributed its yearly report, posting solid outcomes for the year 2017. Above all else, net deals expanded 5.8% to CHF 7,989 million and +5.4% to CHF 7,960 million at current trade rates (vs. CHF 7,553 million of every 2016). Development is driven basically by the Watches & Jewelry fragment, with a general development of 6.9% at current trade rates (recollect that this portion is liable for more than 90% of the group’s sales).

Profitability, a factor considerably more significant than deals, is much more grounded, with a working outcome hopping 24.5% – the working outcome addresses 12.6% of the deals in 2017 versus 10.7% of the deals in 2016. The net gain follows a similar pattern with a development of 27.3%. Generally speaking, all markers are positive, both for the deals and profitability of the Swatch Group.

Looking at the report in detail, we can see a solid increasing speed of 12.2% at current trade rates in the second 50% of the year and in the fourth quarter even 14.9% in the Watches & Jewelry section. The period of December recorded the second best month to month deals throughout the entire existence of Swatch Group. Concerning the sections, eminence and extravagance (Omega, Breguet, Blancpain, JD and GO) recorded the most grounded increment, while the fundamental and center reach value fragment, with Flik Flak, Swatch, Calvin Klein, Hamilton, Mido and Tissot, recorded great development in incentive just as in volumes (if the Swatch Group doesn’t notice numbers here, we can envision that the development was less noteworthy in this segment).

As for districts, development is chiefly determined, indeed, by Asia/Pacific. We’ve seen precisely the same pattern for both the Richemont Group and LVMH. While being an uplifting standpoint for the time being, this transcendence of Asia in deals and development stays risky, realizing how unstable this market can be – recall that the decrease of deals in Asia was the principle explanation behind the industry’s downturn in 2015/2016.

As for 2018, the Swatch Group anticipates further sure development in neighborhood monetary forms. Tissot is currently doing over CHF 1 billion in deals, while Longines is en route to CHF 2 billion in deals (in the medium term).

Some Baselworld 2018 oddities halfway revealed…

In the report, the Swatch Group specifies that “Omega will likewise praise the 70th commemoration of the Seamaster and the 25th commemoration of the Seamaster Diver 300m in 2018, and will showcase unique versions of the assortments for these occasions.” or “Breguet, with its new Marine Collection“… You realize what’s in store for Baselworld 2018.