Swatch Group’s H1 sales surge 18%, fueled by China and Hong Kong rebound

7月 20, 2023

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 …