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Swatch Group forecasts growth of 10% in 2013

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Swatch Group has described its outlook for 2013 as positive, offering that signals from the global watch markets indicate “healthy growth potential” for the group.

The group has announced its key figures from 2012, updating results as announced in early January. Its sales increased by CHF1 billion (£699.4m) in 2012, compared to 2011, up 14%.

But the group is now looking ahead, stating that there is good growth potential for the group of between five to 10% per year.

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It said: “The signals from the markets around the world clearly indicate continued healthy growth potential for the Swiss watch industry and the Swatch Group.

“As always, the focus is on producing innovative and high-quality Swiss products in every segment. Against this backdrop, there is a realistic prospect of long-term growth in the Swiss watch industry of five to ten percent per year.”

The group said its potential for 2013 is “substantial”, following the integration of Harry Winston watches and jewellery into the group. It created more than 1,500 new jobs in 2012, of which approximately 900 in Switzerland and 280 were the result of acquisitions.
 

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