Swiss Swatch group suffers huge profit slump

Swiss watch manufacturer Swatch suffered a near 90% slump in net profits last year as sales in Asia plunged, particularly in China. + Get the most important news from Switzerland in your inbox The group reported net profits of CHF25 million, down from CHF219 million in 2024. + Chinese slump hits luxury watch industry Sales in 2025 fell by 5.9% compared to the previous year to CHF6.28 billion. Adjusted for currency effects and compared to the previous year, sales fell by 1.3%. Analysts had expected an average organic decline of 5%. Operating profit EBIT slumped to CHF135 million from CHF304 million in the previous year. This resulted in a margin of just 2.1% after 4.5% in 2024, leaving a net profit of CHF25 million (-89%). Analysts had expected an average of CHF127 million. Despite the weak results, Swatch intends to pay shareholders a dividend of CHF4.50 per bearer share, unchanged from the previous year. The analyst community had expected only CHF3.43. In its outlook, Swatch is ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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