Swatch Group's revenues worldwide 2023

In 2023, the Swatch Group's global revenues amounted to approximately 7.88 billion CHF, up from about 7.5 billion recorded in the year prior. The Swatch Group Ltd. is a Swiss company which primarily manufactures watches.

Swatch

The Swatch Group was formed in 1983 through the merging of two Swiss watch manufacturers: ASUAG and SSIH. The company took its present name in 1998 and had over 32 thousand employees worldwide. Swatch’s country of origin, Switzerland, was a leading watch exporter in 2019. Swatch is the signature watch of the Swatch Group. The company has acquired numerous watchmaker companies, including Balmain, Omega, and Hamilton over the course of its history. Omega is the official time-keeping brand of sporting events such as the PGA tour and Olympic Games.

How does Swatch compare to other watchmakers?

In 2020, Swatch held the largest share of the luxury watch market, ranking above companies such as Rolex and Richemont. In 2021, Omega, Longines and Tissot, all part of the Swatch Group, were ranked among the leading watch brands in the world.

Swatch Group's revenues worldwide from 2003 to 2023 (in billion CHF)

Characteristic	Revenue in billion CHF
2023	7.88
2022	7.5
2021	7.31
2020	5.59
2019	8.24
2018	8.48
2017	7.99
2016	7.55
2015	8.45
2014	8.71
2013	8.46
2012	7.8
2011	6.76
2010	6.44
2009	5.42
2008	5.97
2007	5.94
2006	5.05
2005	4.5
2004	4.15
2003	3.97

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Release date

March 2024

More information

Region

Worldwide

Survey time period

2003 to 2023

Supplementary notes

CHF is the acronym of Swiss Francs; currency of Switzerland.
Numbers have been rounded to provide a better understanding of the statistic.
Data prior to 2020 was taken from previous editions of the publication.

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