Swatch Group Profits Slump 89% in 2025 on Decision to Maintain Jobs [Yahoo! Finance]
SWATCH GROUP AG UNSP/ADR (SWGAY)
NASDAQ:AMEX Investor Relations:
swatchgroup.com/investor_relations/financial_announcements/latest_financial_announcements
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Source: Yahoo! Finance
The Swiss company's net income for the year plunged 88.6 percent to 25 million, or $32.5 million at current exchange rates. More from WWD The U.S. and France Drove Swiss Watch Exports' December Recovery Swatch Bridges New York and Venice in Its Latest Guggenheim Art Collaboration What to Watch: Glimmers of Hope Emerge for Swiss Watches as U.S. Tariffs Stabilize, Chinese Customers Return Revenue for the full year came in at 6.28 billion Swiss francs, or $8.17 billion, down 5.9 percent against 2024's figures at current exchange rates, exceeding the consensus of 6.15 billion Swiss francs, or $8 billion. Foreign exchange variations had a 308 million Swiss francs impact, while Swatch's operating profit totaled 135 million Swiss francs, less than half of what it was in 2024. “Sales beat, margin miss but confident on outlook” is how Barclays analyst Carole Madjo summed up the Swiss watchmaking group's annual tallies. Swatch Group pointed out that the operating profit of the
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