Record half-year sales in the history of the Swatch Group
During the first semester 2018, Group net sales increased by 14.7% to CHF 4 266 million at current exchange rates, respectively by 12.6% at constant rates. Operating result increases 69.5% to CHF 629 million giving an operating margin of 14.7%, to compare with 10.0% in the previous year. Net income increases by 66.5% to CHF 468 million, with a net margin of 11.0%. Growth was obtained in all regions, led by Asia and America. Strong product demand by its own brands has already created bottlenecks in certain production areas. The second half of 2018 promises further growth.