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The Swatch Group AG (UHRN.S)

UHRN.S on Swiss Exchange

18 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Swatch CEO targets 7-9 pct growth this year
Thursday, 16 Mar 2017 08:25am EDT 

Swatch Group : Swatch group senior executive says hopes to see double-digit growth this year at high-end brands . Swatch group ceo says very good growth numbers in china over the last months, middle east also picking up . Swatch group ceo says target 7-9 percent growth this year . Swatch group ceo says no need to adapt company strategy . Swatch group ceo says harry winston is generating double-digit growth . Swatch group ceo says harry winston can generate 1 billion sfr in sales at some point, not there yet . Swatch group ceo says no need to do acquistion, can grow organically . Swatch group cfo says no plans to decrease investment this year . Swatch group ceo says continues to invest in retail as before, will likely open 100-120 stores this year . Swatch group ceo says not a goal to have 50% of group turnover in own retail network . Swatch group ceo says wants to develop operating system for "all small connected objects" Further company coverage: [UHR.S] (Reporting By Michael Shields) ((Michael.Shields@thomsonreuters.com;)).  Full Article

Swatch says Weko decision may force it to hike movement prices
Thursday, 27 Oct 2016 03:02am EDT 

Swatch Group Sa : Says regrets weko’s decision to maintain movement delivery agreement and deems it utterly unrealistic . Says major customers such as sellita or tudor have reduced their order quantities for 2017 by about 700,000 pieces in total relative to the previous year . Says in order to cover the additional costs arising from this enforced readiness to deliver, eta will have to consider massive price hikes Further company coverage: [UHR.S] (Reporting by Silke Koltrowitz) ((silke.koltrowitz@thomsonreuters.com;)).  Full Article


New Apple watch could take bite out of Swiss market

ZURICH The Swiss watch industry faces an increased threat from a new Apple Watch able to detect heart problems that is likely to appeal to older shoppers, industry experts said on Thursday.