Swatch Group Full Year 2024 Earnings: Misses Expectations

Swatch Group (VTX:UHR) Full Year 2024 Results

Key Financial Results

• Revenue: CHF6.74b (down 15% from FY 2023).
• Net income: CHF193.0m (down 78% from FY 2023).
• Profit margin: 2.9% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: CHF3.73 (down from CHF16.76 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Swatch Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Luxury industry in Europe.

Performance of the market in Switzerland.

The company's shares are down 2.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Swatch Group (1 doesn't sit too well with us!) that you should be aware of.

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