Swatch Group reports better than expected,14% increase in 2012 sales
Swiss based Swatch Group, the owner of brands such as Omega, Breguet, Blancpain, reports an increase in sales of 14% in its gross sales for 2012, reaching a total of CHF 8,1 billion (6,7 billion euros), an increase of CHF 1 billion. Gross sales in the Watches & Jewelry segment increased by +15.6% to CHF 7,2 billion. Almost all brands of the group reported a double-digit growth rates, notably outside Greater China as well. Group Management expects good results for 2012 at operating profit and net income level.