Continuous market share growth on the global watch market (Swatch Group +13.7%; Federation of the Swiss Watch Industry FH +10.8%)


 Significant increase in Group sales after six months (8.9% in local currency and 8.6% in Swiss francs)


 Above-average increase in operating result of +20.1 % and in net income of +16.7 %, after taking account of additional marketing investments of around CHF 20 million for the Olympic Games.


 Substantial sales growth in the electronic systems area. Strong demand and easing of price pressure.


 Recovery in the production area felt over the past two months, and improved order book for second half of the year.


 Positive outlook for the second half of the year despite a difficult and challenging basis for omparison.

Full Report on www.swatchgroup.com

Source : Swatch Group Press Release/Aug. 24, 2004

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