BREAKING NEWS

BREAKING NEWS

Swatch Group expects growth after first-half net jumps 67 percent

Now Reading:

Swatch Group expects growth after first-half net jumps 67 percent

Swatch Group expects growth after first-half net jumps 67 percent
Text size Aa Aa

ZURICH (Reuters) - Swatch Group <UHR.S> said on Wednesday it expected further growth in the second half of the year after net profit rose by 67 percent in the first half, helped by improving demand for Swiss watches in Asia and America.

Swiss watchmakers have seen sales bounce back this year after a prolonged downturn and margins and profits are now following suit.

"The month of July continues the very positive trend. The second half of the year offers excellent opportunities for continued strong growth and further expansion of market share," said the world's biggest watchmaker, whose portfolio spans expensive Breguet, flashy Omega, elegant Longines and sporty Tissot timepieces.

(Reporting by Silke Koltrowitz, editing by John Miller)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.