Swatch Activist Ups Pressure as Profits Plunge over China Weakness

Swatch profits plunge on weak China sales

Swatch Group said Thursday that weak sales in China wiped out growth elsewhere in the first half of the year for the world's top watch company, leaving it barely profitable.

Swatch activist ups pressure as profits plunge over China weakness

Swiss watchmaker reports near 90% drop in net income as GreenWood Advisors steps up its campaign for board seat

Swatch says profit plunge ‘exclusively attributable’ to declining sales in China

The Swiss watchmaking group has been contending for more than a year with falling demand for watches in China and Hong Kong.

Swatch Posts Profit Drop as China Weakness Continues to Bite

Swatch Group AG reported another six months of falling sales and profit, hit hard by sluggish demand for luxury timepieces in China.

Swatch believes in Chinese recovery after profit crash - RetailDetail EU

Swatch looks to the future with optimism, despite disappointing half-year figures. According to the Swiss watchmaker, the Chinese market is coming back to life. Blame it on China In its last semester, Swatch’s revenue fell by 7.1 % to reach 3.06 billion Swiss francs (3.2 billion euros). Profit has completely plummeted: the operating result dropped by 67 % to 68 million francs (70 million euros), while net profit fell by 88 % to 17 million francs…