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Swatch Group reports solid results for the first half of 2022

Swatch Group reports solid results for the first half of 2022

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Swiss watchmaker Swatch Group has announced its economic results for the first half of 2022. The group has shown solid results in the first six months of the year, exceeding its expectations.

 

Swatch Group, which gained 1.4% on the stock market this morning supported by its results, reports resilience in the face of the situation in Ukraine and the drop in demand in China, due to the Covid-19 pandemic.

 

Indeed, as we revealed a few days ago, Swatch Group, which records about 40% of its sales in China, experienced a dip in its results last April with the resurgence of the pandemic in this region.

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Featured photo : © Simon Glauser

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