Login

Search

We have 7837 groups in 289 locations listed on this site! Knit on, everyone!

Latest Groups Added

1. timberland front country slip on
    Created: Oct 22, 2014
2. lv shoes replica
    Created: Oct 22, 2014
3. christian louboutin shoes for cheap
    Created: Oct 22, 2014
4. Fake Patek philippe Complications watches
    Created: Oct 22, 2014
5. Rolex Submariner Watches,Rolex Submariner,buy Rolex Submariner,Rolex Submariner sale,Fake Rolex Submariner
    Created: Oct 22, 2014

Recently Updated Groups

1. Jersey, Channel Islands
    
2. Solon (East side of cleveland)
    
3. Denver, CO
    
4. Niagara-on-the-Lake / Virgil
    
5. Antwerpen
    

Stitch 'n Bitch Groups

Swatch sees dynamic 2014 growth after market share gains

Group Name
180
Meeting Location
180
Address
180, New York, 180, 180, 180
Meeting Day
180
Meeting Time
180
Contact E-mail
Group Website
[b]tiffany outlet store[/b]
[b][url=http://www.tiffanyjewelrysell.com/]tiffany outlet locations[/url][/b]
stores sell tiffany jewelry
| stores sell tiffany jewelry | stores sell tiffany jewelry
| stores sell tiffany jewelry | sell tiffany and co jewelry
| sell tiffany and co jewelry

Skip navigation
Home
Sport
Business
Life + Style
Entertainment
Travel
Countryman
Motoring
Regional
More
Health + Medicine
Airline Ratings
Job Finder
Competitions
Home Delivery
Place an Ad
Quokka
WA FM
Spirit Radio
Red FM
Announcements
Contact Us
New Homes Guide
NIE Education
Events
WA
National
World
Tech
Leadership
Boardroom Q+A
Boardroom Radio
Markets
Events
Swatch sees 'dynamic' 2014 growth after market share gains
January 10, 2014, 2:46 pm

View Comments
Share
Facebook
Twitter
G+
Pinterest
Mail
Reuters The logo of Swiss watchmaker Swatch is seen on the door of a Swatch watches shop in Strasbourg March 12, 2009. REUTERS/Vincent Kessler
By Silke Koltrowitz
tiffany ZURICH (Reuters) - Swatch Group SA has said it expects "dynamic growth" this year, easing concerns of a downturn in key export destination China after market share gains in its core watch business helped sales rise 9.1 percent last year.
tiffany Swiss watchmakers sold less in China last year after the government cracked down on illegitimate gift-giving of luxury items, but Swatch - whose brands range from the cheap plastic watches which gave the group its name to pricey Omega and Breguet timepieces - has fared better than rivals.
tiffany and co This reflects the fact that its mid-market Tissot and Longines brands, which do not cost enough to be considered possible bribes, sell well to China's rising middle classes.
cheap tiffany & co jewelry "Based on the strong start by all brands in the first few days of January, dynamic growth is expected for the entire year 2014," the world's largest watchmaker said in a statement on Friday, without giving details on its different markets.
tiffany outlet online Gross sales in 2013 rose 8.3 percent to 8.817 billion Swiss francs, just short of estimates for 8.84 billion in a Reuters poll. Sales were up 9.1 percent at constant exchange rates.
sell tiffany and co jewelry This compares with a 1.7 percent rise in overall Swiss watch exports in the 11 months to November, a sign Swatch gained market share. Swiss watch exports to Hong Kong and China, which absorbed a quarter of total watch exports, fell 6 and 15 percent respectively.
STRONG START
Analyst Luca Solca at Exane BNP Paribas noted Swatch had reported a strong start to 2014 and was positive on the outlook for the entire year. "This is very important ... as recent sector share price developments indicates clear investor anxiety and uncertainty on luxury demand," he said
Swatch shares were indicated to open 1.6 percent higher, according to pre-market data from Julius Baer.
Vontobel analyst Rene Weber estimated 3 percent of the group's sales growth was generated by jeweller Harry Winston, which Swatch acquired last year.
The company said it expected to post a good operating and net profit for 2013.
Analyst Jon Cox at brokerage Kepler Cheuvreux said it was a "very decent set of numbers given concerns about the situation in China."
Weber said he expected the group's operating margin to decline 110 basis points to 24.3 percent in 2013, notably due to the dilutive effect of the Harry Winston acquisition. However, a payment from former partner Tiffany should have a positive impact on the bottom line, he said.
Last month, Swatch was awarded 402 million francs in damages from the U.S. jeweller in a lawsuit following the end of a partnership between the two luxury groups.
Swatch shares have had a strong run last year, gaining almost 28 percent and outperforming rival Richemont . It trades at 15.7 times forward earnings, at a small discount to Richemont, and in line with LVMH .
($1 = 0.9092 Swiss francs)
(Editing by Matt Driskill and David Holmes)
View Comments
Share
Facebook
Twitter
G+
Pinterest
Mail
Sorry, we can't show this content as your browser does not support iframes.
Popular videos
News break - January 17
Fire crews brace for fifth day of heat
Animals need help in heatwave
Records broken in Vic heatwave
Postmortem to identify body
Daniel Christie funeral to be held
Kids survive fatal car crash
Teenage firebugs cautioned
Derryn Hinch heading to jail
Blanchett nominated for Oscar
Scottish toddler vanishes from home
Compare & Save
Moneyhound
Low Rate Home Loans
Blackboard Special
comp. rate p.a. 4.53%
UHomeLoan
comp. rate p.a. 4.62%
Standard Variable...
comp. rate p.a. 4.87%
Basic Variable
comp. rate p.a. 5.13%
Ultimate Home Loan...
comp. rate p.a. 5.26%

Important disclosures
COMPARE MORE

Compare Credit Cards
Low Rate
purchase rate 13.49% p.a.
Low Rate Card
purchase rate 13.99% p.a.
Credit Card
purchase rate 17.99% p.a.
Rewards
purchase rate 18.79% p.a.
No Annual Fee...
purchase rate 18.99% p.a.
flybuys Rewards Card
purchase rate 19.49% p.a.
Low Fee Visa Card
purchase rate 19.49% p.a.
Premium Visa Card
purchase rate 19.49% p.a.
Premium MasterCard
purchase rate 19.49% p.a.
First
purchase rate 19.74% p.a.

Important disclosures
COMPARE MORE

Compare Mobile Plans
From Vodafone and Virgin Mobile, limited time
Double Data Deals
From $57/Mth on Optus
iPhone 5c on Optus
Compare plans from all major carriers
iPhone 5c Plans
From $62/Mth on Optus
iPhone 5s on Optus
Compare plans from all major carriers
iPhone 5s Plans
From $77/Mth Plan with Telstra
Android Deals Telstra
New SIM Only plans starting from $6/Month
Compare SIM Only Plans
From $53/Mth Plan with Virgin Mobile
Galaxy S4 Deals
On New Optus MyPlans!
Lumia 1020 on Optus
tiffany outlet store
tiffany outlet locations
jewelry blog jewelry About tiffanyjewelrysell.com blog
Advertisement

 


 
 Introducing: Raging Wool
150x150ad.gif

 T-shirts and Gifts for the Fiber-Obsessed

www.ragingwool.com

Polls

Which are you?
 
Webdesign auf Usedom and Joomla