Results of the Swatch Group during the first half of 2012

The famous Swatch Group, whose founder was the late Lebanese businessperson Nicolas Hayek, in the first half of this year compared to the same lengths of time last year, increased its net profit by 25% - from 576 million to $ 722 million.
Arabian Business site reports the publication. According to their information, Swatch Group increased its operating profit by 19% - up to 904 million.
Today, Swatch Group is the largest manufacturer of Swiss watches, as well as concern that stands for luxury brands such as Blancpain and Breguet.
Representatives of the group noted that sales increased by 16.7% to $ 3.4 billion in the first six months of 2012, thanks to continued strong demand from China. Exports from Switzerland to China and Hong Kong, according to the Federation of Swiss watch industry grew by 23% in the first half.

Results of the Swatch Group during the first half of 2012

The statement of the concern also is said that “Swatch sees its future more opportunities than risks, despite some negative trends, what could be, for example, a weakening of the high price segment of the larger territory of China or the fall of the euro exchange rate."
In addition to the foregoing, it should be noted the company Omega, which is the brand of the Swatch Group, which this year became the official timekeeper of the Olympic Games in London and a member of the new James Bond movie this year.
In addition, Swatch has announced the expected updates: they will become Blancpain watch with the Chinese calendar and a new timepiece by Breguet.
Hayek led the company since the merger of two rival Swiss watch giants SSIH and ASUAG in 1983. After his death in 2010, the presidency took by his daughter - Nayla Hayek.

Written by Anno Domini Bastet *