Swatch is racing in Zurich, progress within the second half of 2025 and good prospects for 2026 | EUROtoday

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(Il Sole 24 Ore Radiocor) – Swatch Group I stands out on the Zurich Stock Exchange, because of the expansion in gross sales achieved within the second half of 2025 and the optimistic prospects for 2026. Indications which have eclipsed, by way of market reactions, the decline in revenue final 12 months, greater than anticipated.

The Swiss group, which incorporates, along with the model of the identical title, Omega, Tissot and Blancpain watches and jewelery merchandise, introduced that it had recorded web revenues of 6.3 billion Swiss francsdown 5.9% at present alternate charges and 1.3% at fixed alternate charges, barely greater than analysts’ estimate of 6.19 billion francs. Sales recorded a detrimental foreign money influence of 308 million francs. Operating revenue fell to 135 million, greater than halved in comparison with 304 million in 2024 and decrease than the 201.3 million anticipated by the market. The consequence amounted to 549 million for the Watches and Jewelery phase, whereas it was “significantly negative in the Production segment following the company’s decision to maintain production capacity and jobs, without resorting to compensation for fewer hours worked”, i.e. with out resorting to redundancy funds. Net revenue fell to 25 million from 219 million in 2024, with a web margin of 0.4% from 3.3%. The board of administrators proposed a dividend of 0.90 francs per registered share and 4.50 francs per bearer share, each unchanged.

The group additionally highlights «theglorious efficiency within the second half with income progress of 4.7% at fixed alternate charges”, with “a powerful acceleration within the fourth quarter with a income improve of seven.2% globally and in all worth segments”. Swatch also underlines that «the very positive trend of the second half of the year and the acceleration of the last quarter continued in January 2026 for all price segments. The group expects a very positive sales and volume trend for 2026, which offers the opportunity to significantly reduce losses in the Production segment and substantially improve the group’s profitability.”

Swatch Group returned to gross sales progress within the second half of 2025 for the primary time in 18 months and recorded the first decline in inventories in 5 yearsCiti analysts stated in a word. Although earnings are disappointing, the Swiss firm’s outcomes seem optimistic total, the US financial institution provides, noting that gross sales progress of 5% web of foreign money modifications beat consensus expectations and exceeded the typical for Swiss watch exports. Additionally, the corporate’s top-line progress accelerated to 7% within the last quarter of the 12 months and will proceed to develop in a high-percentage vary in January. Meanwhile, shares fell 5% year-on-year for the primary time in 5 years, Citi concluded.