The world's largest watchmaker, Swatch Group, notched up 2010 sales of SFr6.44 billion ($6.7 billion), another record year for the group.
This content was published on
1 minute
swissinfo.ch and agencies
In a statement, Swatch said the increase was +21.8 per cent over 2009 and +12.7 per cent over the previous record year of 2008.
On Wednesday, Swatch said it was upbeat on its prospects for 2011 despite the strong Swiss franc.
There was big demand for Swatch Group products, including plastic Swatch watches and many high-end brands, especially in Asia, but also in Central Europe and the Middle East.
Swatch said the demand for luxury brands, in particular, had surged again. But the other price segments also reported significant growth rates in 2010.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Strong Swiss franc gives Switzerland the jitters
This content was published on
The value of the Swiss currency, most notably against the euro, is causing alarm among Swiss exporters, particularly those who sell in the eurozone. Their products are becoming increasingly expensive. Europe, and in particular Germany, are Switzerland’s largest export markets. Invited to the meeting, which is being organised by the State Secretariat for Economic Affairs…
This content was published on
Last month Swiss watch exports increased by almost 30 per cent compared with 12 months ago. What’s more, the demand for workers is also up. “The sector lost a quarter of its turnover in 2009, but only eight per cent of staff – of whom four per cent were given notice,” François Matile, head of…
This content was published on
The patriarch of the Swiss watch industry, Nicolas G. Hayek, passed away on June 28, 2010, at the age of 82. He was the founder and most recently the chairman of the Swatch Group, and was often cited as the saviour of the Swiss watchmaking industry. (Pictures: RDB and Keystone)
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.