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Boojumhunter
·This came across my radar so I thought I'd take a look. Some things of potential interest to forum members (no conflict of interest to declare other than obviously being an Omega fan):
Group net sales were 4.6% above the previous year.
Watches & Jewelry segment reported an operating margin of 17.2% (previous year: 15.9%).
Consistent double-digit sales growth in Europe, America, the Middle East, and most of the Asian markets [was severely dampened by the significant decline in sales in China].
Retail business reported double-digit growth, not only for the Swatch brand, but also in particular for the Harry Winston, Breguet and Omega brands.
Demand for the 11 Bioceramic MoonSwatch models also remains unbroken high nine months after their launch, and queues in front of Swatch stores are still the order of the day. Despite an additional 70 points of sale and greatly increased production, daily demand still far exceeds available product. The MoonSwatch is popular with an extremely broad spectrum of customers of all ages and origins. In the wake of the MoonSwatch hype, the entire Omega Speedmaster collection, for example, the Moonwatch models, also profited from greatly increased interest.
https://www.swatchgroup.com/en/investors-space/annual-report
So: I guess our hobby will survive!
Group net sales were 4.6% above the previous year.
Watches & Jewelry segment reported an operating margin of 17.2% (previous year: 15.9%).
Consistent double-digit sales growth in Europe, America, the Middle East, and most of the Asian markets [was severely dampened by the significant decline in sales in China].
Retail business reported double-digit growth, not only for the Swatch brand, but also in particular for the Harry Winston, Breguet and Omega brands.
Demand for the 11 Bioceramic MoonSwatch models also remains unbroken high nine months after their launch, and queues in front of Swatch stores are still the order of the day. Despite an additional 70 points of sale and greatly increased production, daily demand still far exceeds available product. The MoonSwatch is popular with an extremely broad spectrum of customers of all ages and origins. In the wake of the MoonSwatch hype, the entire Omega Speedmaster collection, for example, the Moonwatch models, also profited from greatly increased interest.
https://www.swatchgroup.com/en/investors-space/annual-report
So: I guess our hobby will survive!
