Watch industry exports maintained their momentum in recent months. September saw the sixth monthly rise this year. Their value reached 1.8 billion francs, equivalent to 3.7% growth compared to September 2016. The trend over a twelve months period therefore shows a continuing recovery with positive variations expected again in the near future.
Articles on the subject: Economy
The latest Deloitte study of the Swiss watch industry* highlights renewed optimism among executives, for whom the strongest growth prospects are still in Asia. For the vast majority, smartwatches are not perceived as a threat and digital is seen as an opportunity to develop sales.
Swiss watch exports have increased for the fourth consecutive month. In August, shipments grew to CHF 1.4 billion in value, a year-on-year increase of 4.2%.
Continued growth suggests Swiss watch exports will soon be on an even keel.
The recovery of watch industry exports continued with a positive trend in June. The value of products crossing the Swiss border stood at 1.7 billion francs, 5.3% higher than in June 2016. This increase follows the good result posted one month previously.
Half-year results make for positive reading, with net income up by 6.8%. The first half of 2017 has shown "accelerated growth" for all the group's brands.
The months go by and not a single cloud darkens Hermès' growth prospects. Sales increased 7.5% in 2016, and the Parisian firm recorded a further 13.5% rise in this year's first quarter. Only its watch business is struggling to keep pace.