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

Sunday 31st March Mother's Day Gift Ideas The Watch Shop Guide

Posted: 18-03-2016

Watch Shop has curated the perfect selection of Mother’s Day gifts. Find designer inspiration from timeless watches to beautifully crafted jewellery – spoiling Mum has never been easier!

A guide to choosing a gold watch

Posted: 09-02-2019

Make a statement with a gold watch this New Year and give your outfit that little something special, whatever the occasion. Browse designs for men and women from brands including Guess, Armani Exchange, Coach, and more.

A guide to buying a silver watch: Gifts for him and for her

Posted: 07-02-2019

Enhance your wardrobe with a silver watch for every occasion. From classic designs to out-of-this-world pieces, explore some of our favourite silver watches from top brands, including Gucci, Raymond Weil, and STORM.

Watch and jewellery trends for 2019

Posted: 07-02-2019

Relax, we’ve found the watch and jewellery trends that are going to help you look your best in 2019. Browse our full collection of the newest accessories from brands including Llarsen, Storm, and Guess.