Sees strong improvement in H2 (Il Sole 24 Ore Radiocor) - Bern, 15 Jul - Swatch said that it expects the Chinese market to remain challenging for the entire luxury goods industry until the end of the year.

"However, China's potential remains intact. The current situation presents the Group's brands in the lower price segment with excellent opportunities for further growth and market share gains. Further strong growth is expected in Japan and the USA in the second half of 2024, accelerated by investments in the group's own retail network. The prospects in many European countries are promising. The Omega brand will benefit from a global media presence as the official timekeeper of the Olympic Games in Paris," it said.

"The cost-cutting program introduced at the start of the year has begun to bear fruits. The full positive impact, particularly on results in the Production segment, will be felt in the second half of the year. The group expects the situation to improve strongly in the second half of the year.".

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(RADIOCOR) 15-07-24 08:07:38 (0066) 5 NNNN