7 Hrs
Source:
Sky News
Swatch Switzerland H1 Profit Falls 6%
Swatch, the Swiss company, announced that its profits during the first half of 2026 decreased by 5.8%, reaching 16 million Swiss francs, despite a 2% increase in sales to 3.1 billion francs (19.8 million dollars). The company expects a recovery in the second half of the year. It also reported that sales grew by 8.5% when excluding the impact of exchange rate fluctuations. Additionally, it noted that the strong acceleration in sales in May and June, especially following the launch of the Royal Pop watch in collaboration with Audemars Piguet, will help improve production efficiency and increase profitability in the second half.
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