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Swatch Group Record Half-YearSaturday, September 22nd, 2007  If the Swiss watch industry witnessed a surge in its exports from the beginning of January to the extremity of June (+15.5% to 7.2 billion francs), the Swatch party did even better with an increase in yield change of 16.7% to 2.74 billion! Despite problems of production capacity which it has faced for some time, the Swatch Group posted a account first half-year in 2007 with two-digit increases in turnover (+16.7% to 2.74 billion francs), operating profit (+27.1% to 511 million) and net profit (+39.4% to 460 million). The engine of aggrandizement par excellence was the key sector of watches and jewellery, which includes 18 brands covering all expenditure categories. It further demonstrated its significance to the Biel based group with sales well above the two billion franc mark (2.11 billion, +20.0%) and an operating profit of 353 million (+20.9%). Once again the best performance was recorded by the luxury sector (Breguet, Blancpain and Omega), however other price categories, headed by Longines and Tissot, also registered results of the highest quality, as did the Swatch brand, which posted growth in double figures. The group?s success is attributable to all geographical regions, even though Asia, America and Europe are comfortably ahead of the field. The only downside is Japan, where business remained enduring due to the hard economic situation and the weakness of the yen. The opening of the N. G. Hayek Center in Tokyo at the end of May gave a new boost to this market however. The production of watches, movements and components, another important sector, recorded even better results: turnover up by 23.7% to 857 million francs and operating profit up by 87.7% to 122 million. Deliveries to group companies rose to 523 million (+32%) and those to third parties totalled 334 million (+12%). These record results prove that the group has managed to overcome certain problems of production capacity even though, as the group itself acknowledges, ?some companies continue to face delays in delivery at particular stages of production, singularly in terms of movements, hands and dials?. latest - and for once least - the electronic systems segment stalled during the first half of 2007, with sales up by a modest 2.7% to 306 million and an operating profit down by -16.1% to 47 million. The fault lies with mobile phones and the current trend towards ever cheaper models. Based on these results, its solid portfolio of brands and its excellent position on the market, supported by a robust industrial fabric, the Swatch Group expressed keen optimism with regard to the rest of the year and has very ambitious expectations, not least because turnover registered in July and first estimates for August point to rates of growth on a par with the first half-year. The chances of another record year therefore look very good indeed! | Posted in Articles, News, Swatch, jewelry finance, swatch group | | Comments Off Watch Makers are in Search of the Alternative Source of EnergyThursday, September 13th, 2007Watch Makers are in Search of the preference Source of Energy Septemexistr 12, 2007The companies Swatch Group and Group E option create a collection to search for and research an animation friendly to the environment.furthermore electro energy, the companies device to invent a few devices for automotive industry.The newly created company will explore a fuel on the core of hydrogen and batteries for electric engines. The ambition of the company is to furnish electricity to households and automobiles.The first newspaper to write about the new formation was “La??Hebdo“. The organization’s partners are an international mass (the name of which is yet kept secret), federal polytechnic schools of Lausanne and Zurich, Hayek Engineering and probably some further companies.Some time before, Nicolas Hayek, the cranium of Swatch Group, stated that he wanted to trace a automobile that would be totally friendly to the environment. The foundation of the organization efficiency be the beginning of the realization of his plans. | Posted in Articles, News, Swatch | | Comments Off pay per click advertising