Swatch sticks to outlook as H1 sales, profit jump

2022.07.14 08:32

Budrigannews.com – Swatch Group (SIX:UHR) stuck to its forecast that sales would rise at a double-digit rate this year while reporting on Thursday net profit rose 18.5% to 320 million Swiss francs ($325.87 million).

First-half sales of 3.61 billion Swiss francs were up 7.4% at constant exchange rates or 6.5% at current rates, it said.

($1 = 0.9820 Swiss francs)

(The story refiles to remove extraneous characters in headline, corrects to add Swiss francs to 3.61 billion in paragraph 2.)

Swatch sticks to outlook as H1 sales, profit jump