Swatch gucci square watches annual net profit of 710 million U.S. dollars
According to reports, the world's largest gucci pantheon mens watches maker Swatch released annual report on this week, the company realized net profit in 2009 years had exceeded analyst expectations. In addition, Swatch also announced a more optimistic forecast 2010 earnings, which will also discourage investors worried about the future of the company.
Swatch this week, two giant reported that, throughout 2009, the company's net profit of 763 million Swiss francs (710 million U.S. dollars), down 9%, which exceeded analyst expectations. Previous survey, according to Reuters, analysts on average net profit for the year Swatch predictive value of 698 million Swiss francs.
On the other hand, Swatch also said that as the company's Omega series products have been designated as the gucci square watches the official 2010 Winter Olympics in Vancouver, so the 2010 years is expected to face the market demand keeps growing.
Analysts believe that, Swatch announced the financial results is a positive signal, proving the global paolo gucci watches industry is gradually shifting from economic crisis to recovery. Over the past year, the global watch industry has experienced in recent decades the most serious decline in demand.
Swatch said in its statement: "Prospects for the better performance of the company one of the reasons is that we had in 2010, a good start, with the improved economic environment and global markets to improve confidence, volume of orders we get are also being increasing. "
On the other hand, Swatch said last week, as the market demand for its products increased significantly in recent months, the company expected to achieve profitability in 2010, the size of a breakthrough. Currently, Swatch's the Blancpain, Breguet series of high-end products have been widely recognized by the market.
Swatch's earnings report also revealed that the company's operating profit margin of 21.2% in 2008 fell to 17.6% in 2009. But at the same time, due to increased sales amount, Swatch's overall level of profitability expected in 2010 once again to a new level.
On the other hand, Swatch's competitors, the Swiss luxury goods group Richemont (Richemont) announced in January this year, the filing shows, thanks to the Christmas season sales in the Asia Pacific region well, the company's sales analysis beyond expectations. Independent Swiss mens gold gucci watches manufacturer Girard Perregaux (Girard-Perregaux) and Parmigiani (Parmigiani Fleurier) said that with the economic situation improves, the world's rich are likely to increase to buy high-end luxury goods again in 2010.
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