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Swatch's Raucous Analyst Call Pits CEO Hayek Against Investors

Swatch's Raucous Analyst Call Pits CEO Hayek Against Investors
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Swatch Warns on Currencies With Swiss Franc at Eight-Year High

Swatch Warns on Currencies With Swiss Franc at Eight-Year High
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Swatch Returns to Profit as Stores Reopen and Travel Resumes


Jul 13 2021, 7:10 PM
July 12 2021, 9:29 PM
July 13 2021, 7:10 PM
(Bloomberg) -- Swatch Group AG may be on track to return to pre-pandemic levels of revenue this year as the maker of Omega and Blancpain watches expects a strong second half with pandemic restrictions increasingly being eased across the world.
(Bloomberg) -- Swatch Group AG may be on track to return to pre-pandemic levels of revenue this year as the maker of Omega and Blancpain watches expects a strong second half with pandemic restrictions increasingly being eased across the world.
The watchmaker will probably open more stores than it closes in the second half as the outlook improves, Chief Executive Officer Nick Hayek said in an interview Tuesday. Growth at its own shops recovered quickly as soon as they reopened, he said. The shares rose as much as 4.2% in morning trading.

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Swatch CEO Sees Good Prospects as Shops Reopen, Travel Resumes

Swatch CEO Sees Good Prospects as Shops Reopen, Travel Resumes
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