Strong sales performance: Increase of 13.1% to more than CHF 2.3 billion

Operating profit:

– Above-average increase of 37.2% from CHF 293 million to CHF 402 million

– Operating margin up from 14.8% to 18.0%

Net income:

– Marked increase of 23.6% to CHF 330 million

– Net margin up from 13.5% to 14.7%

Positive outlook for the second half-year

Full Report on www.swatchgroup.com/press/attachments/HalfYear06E_24Aug06.pdf

Source : Swatch Group Press Release/Aug. 24, 2006

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