Swatch Group's First Half Earnings Report: Net Profit Increased 6.1% To 768 Million Swiss Francs.

< p > Swatch Group SA (UHR.VX) Swatch group released its first half financial year report today. Sales rose by 8.7% to 4 billion 181 million Swiss francs in the first half of June 30, 2013, operating profit reached a record 910 million Swiss francs, operating profit was 22.9%, net profit increased 6.1% to 768 million Swiss francs, and net interest rate was 19.2%. < /p >
< p > Swatch Group SA (UHR.VX) Swatch shares rose by about 3.21% to 546.60 Swiss francs later. However, this year, China's share price has dropped by about 12% from 602 Swiss Franc due to adverse factors such as China's anti-corruption and Rui table export. The growth rate of 8.7% is the lowest half year growth rate in the past four years. According to market analysis, China and Hongkong account for about 1/3 of the group's sales, while in the past half year, the two largest market of Rui table export is almost double declines per month. Nick Hayek, chief executive, said Hongkong and China did not see the two digit growth in the first half of this year. < /p >
< p > Swatch Group SA (UHR.VX) Swatch group said that in view of the positive growth of Harry Winston, the second half of the year is expected to have a larger growth. Due to the growth of the Swiss franc, the exchange rate in the first half of this year has a positive impact of about 1%. Watches and jewellery departments are still the main drivers of sales growth, with growth of 9.1% in the first half of fiscal year. < /p >
Nick Hayek, chief executive of Swatch group P Swatch Group AG (UHR.VX), reiterated its confidence in this year's interview with Swiss media NZZ am Sonntag earlier this month, saying that sales in the fiscal year are expected to exceed 90 Swiss francs based on the resumption of sales in China in June. This is the two time in 10 days that Nick has said that the Chinese market will resume in the second half of the year. < /p >
< p > by the end of June, Nick Hayek, chief executive officer of Swatch Group AG (UHR.VX) Swatch group, said in an interview with the Swiss media Finanz und Wirtschaft website that the Chinese market will resume in the second half of the year. He said the Chinese market is recovering, while the Japanese, American and Russian markets are exciting. < /p >
< p > Nick Hayek told the Swiss media NZZ am Sonntag that the first half of this year is more difficult than before. Especially the high-end watches were difficult in the first 5 months of the year in China. "However, the high, medium and low-grade products of Swatch Swatch group have double digit growth". Nick Hayek also added that the situation in China changed in June. < /p >
< p > Swatch Group AG (UHR.VX) Swatch Group sales increased by 14% to 8 billion 143 million Swiss francs in 2012, an increase of 1 billion over 2011, exceeding the sales target. If the Swiss Franc depreciation factor is ignored, the group's sales will increase by 500 million Swiss francs based on the exchange rate in 2010. < /p >
< p > Federation of the Swiss Watch Industry the Swiss watch Federation released the Swiss watch export data in July 18th. In June, the Swiss watch export value was 1 billion 900 million Swiss francs, a decrease of 3.1% compared with June 2012, and a two decline in April and March growth of 5.7% and 0.6% respectively (two fell by 3.9%). The Federation explained that the decline in export value was due to a reduction in work day in June compared with last year and a sustained contraction in gold export. In the first half of 2013, Swiss watch exports increased slightly by 0.8% to 10 billion 200 million Swiss francs. < /p >
< p > but the good news is that in June, China's export value increased (10.6%), which is the first time that China's export value has recorded positive growth in 6 months, and it has taken the position of the third largest market from Italy. The decline in Hongkong did not improve compared with that in May (15.7%), while the US decline widened to 3.1% (0.9% in May), while France, Germany and Italy shrank all over the world, which made the European market export value of Rui table for the first time in two years (-0.8%). < /p >