Swatch Looks Forward To A Better Future With New Year'S Earnings Report

Although the decline in the Swiss watch industry has led to concerns among many people in the industry, for some brands, the strong growth momentum still maintained in the mainland market can reduce this concern.

For example, Swiss watch retailer Swatch.

As China's economy continues to slow down,

The continuous development led to the continuous weakening of the clock industry in the Chinese market. Especially the high-end watch consumer group is more cautious, but for the emerging middle class to become the main consumer force, Swatch group's brand is also popular.

But in the end

Can we continue? As far as the declining trend in the industry is concerned, the struggling clock industry is still hard to get rid of in the future.

The group's share price rose 3.4%, much higher than that of the news.

The stock market index increased by 1.5%.

Swatch, who recently released the new year's earnings report, said its sales of OMEGA, Longines and Tissot brands in China were strong during this period, but the demand for high-end watches continued to decline.

According to the financial data of the group's fiscal year 2015, group sales decreased by 3% compared with the same period last year. Despite a slight decline, industry analysts said that Swatch still had enough growth potential, and even its inferior brands contributed 3/4's operating profit to the group.

However, some analysts believe that Swatch is too optimistic about the forecast for the 2016 fiscal year.