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financial assets swatch group
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SWATCH GROUP: KEY FIGURES 2022

SWATCH GROUP: KEY FIGURES 2022

Ad hoc announcement pursuant to Art. 53 of the Listing Rules
  • Net sales of CHF 7 499 million, +4.6% to the previous year at constant exchange rates, or +2.5% at current rates.
  • Sales growth of 25% in local currencies in all regions, with the exception of China, where Covid lockdowns resulted in sales shortfalls of over CHF 700 million.
  • The MoonSwatch is a best seller, with over 1 000 000 watches sold. Ongoing high demand, including in January, in the approximately 180 stores which exclusively offer the MoonSwatch.
  • Operating profit of CHF 1 158 million (previous year: CHF 1 021 million).
    Operating margin of 15.4% (previous year: 14.0%).
  • Net income of CHF 823 million (previous year: CHF 774 million).
    Net margin of 11.0% (previous year: 10.6%).
  • Operating cash flow of CHF 724 million (previous year: CHF 1 298 million); lower versus previous year, mainly due to precautionary increase in safety stock.
    Free cash flow1)  of CHF 342 million (previous year: CHF 1 033 million).
  • High net liquidity2) of CHF 2 540 million (previous year: CHF 2 558 million).
  • At its next meeting, the Board of Directors will decide on the dividend proposal to the Annual General Meeting.
  • In view of the strong position of the Group brands in all segments worldwide and the robust numbers in January for Mainland China, the Group aims to achieve a record year in 2023.
financial assets swatch group
financial assets swatch group

OUTLOOK 2023

Group Management anticipates strong sales growth in 2023 in all regions and segments. After the end of Covid measures, consumption quickly recovered, not only in China, but also in the surrounding markets of Hong Kong SAR and Macau. In addition, lifting of travel restrictions in China will revitalize sales in tourist destinations. The sales growth in January in China reinforces the Group’s expectation to aim for a record year in 2023.

1) Cash flow from operating activities minus cash flow from investing activities (without financial assets and securities)
2) Cash and cash equivalents as well as financial assets, securities and derivative financial instruments minus current financial debts and derivative financial liabilities

 

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LUX Tenis leading luxury tennis services management company providing to private clients and hotels globally

“LUX Tenis leading luxury tennis services management company providing to private clients and hotels globally”

At LUX Tennis, we are dedicated to providing unforgettable moments and exceptional experiences, on and off the tennis court, with master coaches and ATP-listed professionals.

Managing all tennis-related activities, customized programs  and private training for clients in luxury resort destinations or in personal requested locations, we are present in more than 30 destinations.

 

We have in-depth knowledge, experience, performance improvement training strategies that are being perfectly mixed and matched for tennis lovers globally, whether you are on holiday at a luxury resort destination, at your personal residence or you are seeking a private coach while at home, we are your go-to partner.

We offer a variety of exclusive tennis services, making sure that our clients have the best possible experiences.

Lux Tennis is a unique event that takes place in special places where you can live an unrepeatable experience playing tennis with the best legends in luxury destinations

Belmond Hotel, Mallorca

Our company is focused on understanding our client needs to ensure a unique experience on the tennis court, based on quality coaching and a personalized tennis program. For anyone that wants to start playing tennis, improving their existent skill set or wanting to prepare for an upcoming Pro tournament, we offer best in class training, delivered by current of former ATP level coaches.” Joan Soler, Founder & CEO of LUX Tennis. Lux Tennis is a unique event that takes place in special places where you can live an unrepeatable experience playing tennis with the best legends in luxury destinations with a perfect combination.

Swiss Tennis Legend Former World No. 1 Lux Tennis Star Event with David Ferrer at May 28th-29th 2022

In partnership with LUX Tennis, La Residencia, A Belmond Hotel, Mallorca is delighted to invite the former Spanish tennis star David Ferrer to run a special 2-day tennis event for the guests of this wonderful property. During his career, David Ferrer achieved his career-high singles ranking of World No. 3, won 27 ATP titles as well as 3 Davis Cup titles with Spain. He has reached the final at The French Open and was one of the most consistent top players on the tour.

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