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The Swatch Group AG (UHRN.S)

UHRN.S on Swiss Exchange

16 Mar 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

Swatch Group CEO says French market likely to stay difficult
Friday, 15 Jul 2016 02:26am EDT 

Swatch Group Sa : CEO says sees improvement in H2 due to positive development in Mainland China, Olympic Games, favourable base effect . CEO says French market looks difficult, likely to stay difficult Further company coverage: [UHR.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Omega and Marcolin Group to create Omega branded sunglasses
Wednesday, 6 Jul 2016 08:35am EDT 

Marcolin USA Eyewear Corp : Omega and Marcolin Group have agreed to an exclusive collaboration to create Omega branded sunglasses .First summer collection will be available exclusively in Omega boutiques around world from August 2016.  Full Article

Clariant CEO says update on SABIC partnership likely in September

BASEL, March 19 Clariant aims to give a strategic update on its partnership with 25-percent investor Saudi Basic Industries Corp (SABIC) in September, Chief Executive Hariolf Kottmann told shareholders at the Swiss speciality chemicals maker's annual general meeting on Monday.