Added to YB: 2026-02-06
Pitch date: 2026-02-03
UHR.SW [neutral]
The Swatch Group AG
+11.15%
current return
Author Info
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Company Info
The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components in Switzerland, rest of Europe, Greater China, Asia, America, Oceania, and Africa.
Market Cap
CHF 10.4B
Pitch Price
CHF 181.46
Price Target
N/A
Dividend
2.23%
EV/EBITDA
17.82
P/E
3.5K
EV/Sales
1.48
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Swatch Group (UHR Switzerland): volumes are stabilising, but margins remain the weak link
UHR.SW (update): Volumes recovering w/ H2 +5% constant currency growth, but margins stuck at 2% despite higher sales due to mgmt keeping excess capacity. Net cash declined CHF 1.38bn to 1.20bn. Full-year EBIT CHF 135m on CHF 6.28bn sales. Margin improvement uncertain despite optimistic mgmt outlook.
Read full article (2 min)