Gross sales increase of +14.0%

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Gross sales increase of +14.0% - Swatch Group
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Gross sales for the Group increase to CHF 8 143 million, a plus of +14.0%over 2011.

WORLDTEMPUS - 10 January 2013Swatch Group_333953_0

In 2012, the strong Group brands performed convincingly in all regions and price segments, notably outside Greater China as well, and realized further conspicuous growth in market share. As a result, gross sales in the Watches & Jewelry segment increased by +15.6% to CHF 7 297 million.

In the Production segment, capacity was again adapted and expanded, resulting in improved performance. This led to an increase in gross sales of +10.1% to CHF 2 218 million. Existing bottlenecks were further reduced in 2012.The Electronics Systems segment is still exposed to a combination of strong price pressure and adverse exchange rates. As a result, gross sales of CHF 311 million decreased by -7.4% compared to the previous year.Group Management expects good results for 2012 at operating profit and net income level, taking into account the significant marketing expenses for the Olympic Games in London and unsatisfactory currency developments.As expected, the first 10 days of January indicate positive growth in 2013.
 

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