Edition:
United Kingdom

The Swatch Group AG (UHRN.S)

UHRN.S on Swiss Exchange

77.15CHF
23 Feb 2018
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Tue, Jan 30 2018

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Swatch signals better times for watch industry

ZURICH Swatch Group has signaled brighter prospects for the Swiss watch industry, saying the company started the year with accelerating demand for its watches and high-end jewelry.

Swatch's Hayek targets high-single-digit growth for 2018

ZURICH Swatch Group Chief Executive Nick Hayek is targeting faster sales growth this year after the world's largest watchmaker increased momentum at the end of 2017 and saw good signs from January trading.

UPDATE 2-Swatch signals better times for watch industry

* Shares rise more than 3 percent (rewrites, adding analysts, share price reaction)

Swatch "very positive" about 2018 after 2017 profit up 28 pct

ZURICH, Jan 30 Swatch Group said it expected "very positive" growth in 2018 after net profit rose 28 percent in 2017, helped by an improvement in global demand for Swiss watches.

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