Net income of the Swatch Group 2016-2023
The Swatch Group had a net income of 574 million Swiss francs in 2023. The Swatch Group is a Swiss company which manufactures watches, watch components and jewelry. The Swiss manufacturer owns a long list of luxury watchmaker companies besides its own well-known Swatch brand. The group’s worldwide revenue was approximately 7.88 billion Swiss francs that year.
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 as of 2022. 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 2019, Swatch held the largest share of the luxury watch market, ranking above companies such as Rolex and Richemont. In 2021, Longines and Tissot, both part of the Swatch Group, were ranked among the leading watch brands in the world.
