– Marked rise in Group sales despite high basis for comparison with the previous and continued negative currency influences.


– Increase in operating result to CHF 299 million before and CHF 293 million (+9.3%) after extraordinary items respectively.


– Above-average increase to CHF 267 million (+21.4%) in Group net income, due to a strong financial result.


– Growth in sales of high-end watches significantly higher than the statistics published by the Fédération Horlogère.


– Sharp rise in sales in the watches, movements and components production segment.


– Slight decline in electronic systems, but clear indications of recovery in June.


– Positive outlook for the second half-year and 2005 as a whole.


Full Report on www.swatchgroup.com

Source : Swatch Group Press Release/Aug. 24, 2005

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