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Swatch sees sales rise in second half of 2025

  • Friday, Swatch Group reported sales rose 4.7% at constant exchange rates in the second half of 2025, while full-year sales fell to 6.28 billion Swiss francs.
  • Industry figures say U.S. tariffs, initially set at 31 percent and then increased to 39 percent last August, were reduced to 15 percent, amid market pressures like a strong Swiss franc and declining Chinese market.
  • Shipments to the United States rose 50.8 percent in December, and France saw about a 50% leap, while bi-metallic watches' value grew 41.2%.
  • The group said H2 momentum continued into January, expecting strong demand growth in 2026 despite a 2.1% operating margin, a `strongly negative` production segment result, and Baume & Mercier sold to Damiani.
  • Despite pockets of growth, total Swiss watch exports for 2025 reached 25.6 billion Swiss francs, with 14.6 million watches shipped and a second consecutive positive quarter in all regions.
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Swiss Watch Exports Return to Growth After US Eases Tariffs

Swiss watch exports returned to growth after four months of declines as brands rushed to send inventory to the US after it eased tariffs.

·United States
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SWI swissinfo.ch broke the news in Bern, Switzerland on Thursday, January 29, 2026.
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