|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||191.40 - 193.75|
|52-week range||151.00 - 311.20|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||13.61|
|Earnings date||31 Jul 2020|
|Forward dividend & yield||5.50 (2.86%)|
|Ex-dividend date||18 May 2020|
|1y target est||386.42|
Swiss watchmaker Swatch Group is taking a "massive" hit from the outbreak of the novel coronavirus that sharply affected business in major market China, Chief Executive Nick Hayek said in a Sunday newspaper interview. "Given our very strong market position in China, of course we are massively hit by the temporary closing of hundreds of stores," he told Swiss newspaper SonntagsZeitung. "But we are seeing fewer problems on the supply chain side because Swatch Group produces a lot by itself in Switzerland," he added.
Swiss watchmaker Swatch Group <UHR.S> expects sales to fall further in key market Hong Kong this year after a marked drop in sales there spoilt the picture for the world's biggest watchmaker in 2019. Swiss watch sales have underperformed other luxury goods as political protests shook Hong Kong, smartwatches took share from similarly priced Swiss watches and changes in distribution take their toll. Net profit fell almost 14% to 748 million Swiss francs (588.18 million pounds) in 2019, while sales at constant currency dropped 1.8%, hit by a sharp decline in Hong Kong, where the group has over 90 retail stores, Swatch Group said.
Swatch will be blocked from selling some parts to watchmakers, ranging from Richemont's Cartier to Chopard and Breitling, from next year in an escalation of a row between the world's biggest watchmaker and Switzerland's competition regulator. While anti-trust agency WEKO stopped short of an outright sales ban, it said on Thursday it had barred deliveries of so-called movements, the components which keep expensive mechanical timepieces ticking, to Swatch customers from January. "Companies that thought they would get movements from Swatch Group next year now have to scramble to find replacements," Kepler Cheuvreux analyst Jon Cox said.
Swiss watchmaker Swatch Group <UHR.S> will no longer make watches and jewellery under the Calvin Klein brand, reducing its exposure to a price segment that is under pressure from smartwatches and other fashion watches. The group, which also makes high-end Omega and cheaper plastic Swatch watches, said in a statement on Tuesday it would not renew the collaboration with Calvin Klein when it expires "in the near future", attributing the decision to uncertainties in Calvin Klein Inc.'s management. Vontobel analyst Rene Weber said this would reduce group sales by about 2%, but that the earnings contribution was likely zero due to the heavy competition.
Bremont, which began making watches in 2002, wants to bring British watchmaking back. The brand’s watches are inspired by, but not limited to, the British armed forces, famous cars, and legendary airplanes. Bremont’s latest watch is a very limited creation, with some very interesting bits.