Turnover: 8.4 billion EUR (2023)
Country: Switzerland
- Founded in 1983, this international group specializes in the design, manufacture and sale of finished watches, jewelry and watch components.
- The Swatch Group markets 18 watch brands, including entry-level to luxury timepieces such as Breguet, Omega, Blancpain, Longines, Tissot, Tiffany and more
News
Swatch Group net profit up 8.1% in 2023 23/01/2024
- Swatch Group net profit for the 2023 financial year rose by 8.1% to 890 million Swiss francs (942 million euros).
- The company's sales rose by 5.2% year-on-year to almost 7.9 billion Swiss francs.
- Sales boom in Switzerland, with an increase of over 30%.
- The Group expects the Harry Winston jewelry brand to exceed one billion in sales by 2024.
Swatch Group benefits from Asian recovery 14/07/2023
- Swatch Group generates 56% of its sales in Asia.
- The Group's own boutiques now account for 40% of Swatch Group activity.
Swatch Group forecasts a record 17/03/2023
- Sales forecast for 2023: between 8.5 and 9 billion Swiss francs
- - Increase in U.S. market share to 15% by 2022
- - Over 1 million MoonSwatches sold in nine months
- The Group has increased the number of points of sale for its star watch from 110 to 180
- With sales boosted by up to 50% for stores selling this phenomenon edition
Swatch Group grows despite China, benefits from the success of its MoonSwatch 16/07/2022
- Launching the MoonSwatch and creating rarity for this model
- Swatch Group's gamble paid off, with small, limited releases in 110 boutiques, which encouraged speculation
- 50% increase in demand in boutiques
- Disruptions to distribution in Asia, notably in Hong Kong, its biggest market before the pandemic
- Double-digit growth in all other markets
Financial Data
DUNS: 542077391
Legal Name: THE SWATCH GROUP FRANCE SA
Address: 112-114 avenue Kléber , 75116 Paris
Number of employees: Entre 500 et 999 salariés (2020)
Capital: 15 000 000 EUR
Financial Data:
| Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Turnover | 132 352 872 | 103 352 419 | 166 274 953 | 200 502 270 | 168 065 255 | 172 310 880 | 238 486 739 |
| Gross margin (€) | 81 770 547 | 62 292 657 | 100 193 019 | 111 796 825 | - | 63 916 147 | - |
| EBITDA (€) | 8 927 007 | -5 482 295 | 1 506 105 | -8 204 559 | - | -37 554 017 | - |
| Operating profit (€) | 5 132 128 | -12 199 536 | 2 684 040 | -409 080 | - | 5 785 514 | - |
| Net profit (€) | -726 375 | 1 782 050 | 1 872 278 | 859 541 | 3 938 832 | 1 914 011 | 5 995 077 |
| Turnover growth rate (%) | 28,1 | -37,8 | -17,1 | 19,3 | -2,5 | -27,7 | - |
| Ebitda margin rate (%) | 6,7 | -5,3 | 0,9 | -4,1 | - | -21,8 | - |
| Operating margin rate (%) | 3,9 | -11,8 | 1,6 | -0,2 | - | 3,4 | - |
| Working Capital (turnover days) | 131,4 | 209,1 | 124 | 118,7 | - | 17 | - |
| Working Capital requirements (turnover days) | 141,6 | 200,7 | 140 | 118 | - | 6,6 | - |
| Net margin (%) | -0,5 | 1,7 | 1,1 | 0,4 | - | 1,1 | - |
| Added value / Turnover (%) | 8,6 | 2,9 | 7,7 | -2,5 | - | -13,3 | - |
| Wages and social charges (€) | 26 801 779 | 26 502 964 | 32 725 457 | 33 302 721 | - | 13 748 458 | - |
| Salaries / Turnover (%) | 20,3 | 25,6 | 19,7 | 16,6 | - | 8 | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Georges | HAYEK | 70 | |
| Directeur général | Bertrand | Delvert | 57 |
Studies mentioning this company
The luxury watch market - France
Other companies mentioned:
- Swatch Group
- Rolex
- Richemont Group
- Michel Herbelin
- Patek Philippe
- Audemars Piguet
- Frederique Constant Alpina
- Dubail
- Kronometry 1999
- Wempe
- Cresus
- Collector Square
- La Cote des Montres
- Berenger
- Pierre Lannier
- Aion Group
- Fleurus Groupe
- Jean Rousseau Manufacture
- LVMH Montres et Joaillerie
- Bucherer (Rolex groupe)
- Vacheron Constantin (Richemont Groupe)
- Tudor (Rolex Group)
- TAG Heuer (LVMH Groupe)
- Seiko
- Richard Mille
- Rado (Swatch Group)
- Parmigiani Fleurier
- Panerai (Richemont Groupe)
- Omega (Swatch Groupe)
- Longines (Swatch Groupe)
- Jaeger-LeCoultre (Richemont Groupe)
- Jacob & Co
- IWC Schaffhausen (Richemont Groupe)
- Hublot (LVMH Groupe)
- Girard-Perregaux
- Breitling
- Breguet (Swatch Groupe)
- Blancpain (Swatch Groupe)
- Bell & Ross
- A. Lange & Söhne (Richemont Groupe)
- Pequignet Horlogerie
- SBM Lip Horlogerie
- Utinam
- Yema
- SIS Maroquinerie Groupe
- Perrin Créations Maroquinier
- L'Epée 1839
- Société des montres bisontines (SMB) - Lip Montres
The connected watch market - France
Other companies mentioned:
- Apple Watch
- FitBit
- Withings
- Swatch Group
- Samsung Galaxy Watch (Groupe Samsung)
- Encaps
- Encaps
The luxury watch market - Italy
Other companies mentioned:
- Richemont Group
- Swatch Group
- Rolex
- Patek Philippe
- Audemars Piguet
- Ruzza Orologi
- Diffusione Orologi SRL
- Chrono24
- LVMH ITALIA S.P.A.
The market for second-hand watches - France
Other companies mentioned:
- Richemont Group
- Swatch Group
- Rolex
- Patek Philippe
- Audemars Piguet
- eBay
- Back Market
- Drouot L’Hotel
- Interenchères