The Swatch Group AG (UHR.S)
LONDON European shares fell back on Tuesday as global markets took a risk-averse turn, with cyclical sectors including mining and financials suffering the sharpest losses.
ZURICH Swatch Group has signaled brighter prospects for the Swiss watch industry, saying the company started the year with accelerating demand for its watches and high-end jewelry.
ZURICH Swatch Group Chief Executive Nick Hayek is targeting faster sales growth this year after the world's largest watchmaker increased momentum at the end of 2017 and saw good signs from January trading.
* Shares rise more than 3 percent (rewrites, adding analysts, share price reaction)
ZURICH, Jan 30 Swatch Group said it expected "very positive" growth in 2018 after net profit rose 28 percent in 2017, helped by an improvement in global demand for Swiss watches.
GENEVA, Sept 13 Cartier-maker Richemont said its sales rose by a better-than-expected 12 percent at constant currency in the five months to Aug. 31, helped by easy comparables and a strong performance in its jewellery business.