Swatch Group posts record operating profits

First published: 07-02-2014

Swatch Group has announced it increased its operating profit by 17 per cent in 2013 to 2.3 billion Swiss francs (£1.56 billion).

The Swiss company currently owns over 20 brands including Swatch, Omega and Breguet - making it the largest in the world.

An annual turnover increase of 8.3 per cent to 8.8 billion Swiss francs was also posted.

The record figures, which are impressive due to the tough trading nature of the watch environment last year, also allowed Swatch Group to increase its workforce.

Around 3,800 staff were hired which brought the total employee count to over 33,600 worldwide, a rise of ten per cent.

The company credits its success to its strong brands and distribution system, which now includes Rivoli Investment - a network with more than 360 stores in the Middle East.

Strong sales in January also suggests that Swatch Group will see healthy growth throughout 2014.


Related articles

Under the spotlight: STORM watches and jewellery

Posted: 27-11-2018

STORM London is known for breaking the rules with its edgy, sophisticated, and fun watch and jewellery designs. Get inspired to shatter expectations and check out some of our favourite STORM designs today.

Under the spotlight: Timex watches

Posted: 27-11-2018

Formal, sporty, vintage, or casual? Choose your next watch from the timelessly iconic Timex collection and combine legendary fashion with contemporary chic.

Under the spotlight: Guess

Posted: 19-12-2018

Make your next watch a Guess watch and choose from a range of gorgeous styles and designs for men and women. Whether you want reimagined vintage or stand-out chic, there’s a Guess watch for you.

A guide to buying a fitness watch for 2019

Posted: 20-12-2018

Use our guide to choose a watch that helps you hit your fitness targets this New Year, whatever your ability. Explore sharp designs from a range of top brands, including Polar, Garmin, Fitbit, and more.