On July 13th, the Swiss luxury watch group, Swatch Group, released its financial data for the first half of the 2023 fiscal year, ending in June 2023.
Despite a negative impact of -6.7% due to exchange rates, equivalent to CHF 242 million (approximately €251 million), the net sales for the first half of the year reached CHF 4.019 billion, representing an 18.0% increase compared to the same period last year at fixed exchange rates. Furthermore, it exceeded the historical sales record set in the first half of 2018 by 8.5%. The net profit increased by 55.6% to CHF 498 million, with a net …
