The Swatch Group said on Thursday that the momentum was lost in the second half of the year a little. The Start was a success in the new year.
The group’s net sales increased to 2018 by 6.1 percent to 8.48 billion Swiss francs and grew currency-adjusted 5.7 percent. So the company was able to submit to the high pace of growth from the first half of the year, as the sales currency-adjusted almost to 12.6 per cent had not, up to the final.
The increase in Revenue was also on the results page: The operating profit (Ebit) of the Swatch Group, among the well-known watch brands such as Omega, Longines and Tissot, increased by 15 percent to 1.15 billion Swiss francs. And so the margin fell by 1.1 percentage points to 13.6 percent. In the interim, however, had resulted in a margin of 14.7 percent.
dividend
the bottom line is the net profit remained in the amount of 867 million francs to 755 million in the previous year. The shareholders Swatch wants to pay again more money: Per bearer share, a dividend of 8.00 Swiss francs ( 50 cents) and per registered share to be paid to 1.60 francs ( 10 cents).
With the Numbers, the Swatch Group has failed to meet the expectations of the financial community. Analysts had expected on average, with a turnover in the amount of 8,68 billion Swiss francs, an Ebit of EUR 1.30 billion and a net profit of 977 million. In the case of the dividend per bearer paper was expected to be a proposal of 8.20 Swiss francs.
the launch was a Success in the new year, it said. In the month of January, the group had grown compared with the very good prior-year month. Swatch expects to 2019, with a positive gradient, both on the demand as well as the elimination of capacity bottlenecks in the production. As an opportunity for the group chief Executive Nick Hayek sees the business in China, where the group had a strong Position. (fal/sda)
Created: 31.01.2019, 07:58 PM
