Swiss Swatch group suffers huge profit slump

Swiss watch manufacturer Swatch suffered a near 90% slump in net profits last year as sales in Asia plunged, particularly in China. + Get the most important news from Switzerland in your inbox The group reported net profits of CHF25 million, down from CHF219 million in 2024. + Chinese slump hits luxury watch industry Sales in 2025 fell by 5.9% compared to the previous year to CHF6.28 billion. Adjusted for currency effects and compared to the previous year, sales fell by 1.3%. Analysts had expected an average organic decline of 5%. Operating profit EBIT slumped to CHF135 million from CHF304 million in the previous year. This resulted in a margin of just 2.1% after 4.5% in 2024, leaving a net profit of CHF25 million (-89%). Analysts had expected an average of CHF127 million. Despite the weak results, Swatch intends to pay shareholders a dividend of CHF4.50 per bearer share, unchanged from the previous year. The analyst community had expected only CHF3.43. In its outlook, Swatch is ...