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Home > Company Index > Consumer Products-Durables  > Jewelry, Watches & Clocks > The Swatch Group Ltd.

The Swatch Group Ltd.
 NEWS FROM THE STANDARD
Letters
Sep 11 2000 12:00 AM PDT

 PROFILE
Swatch is more than a watch. Swiss powerhouse The Swatch Group (formerly Societe Suisse de Microelectronique & d'Horlogerie) is the world's #1 watchmaker. Its watches range from low-priced Swatch to premium-priced Longines, Blancpain, Omega, and Breguet. Swatch also makes watch components and private-label watches. It has delved into producing semiconductors, quartz oscillators, and industrial lasers, among other products. After rescuing the Swiss watch industry from Japanese domination, Swatch is developing multipurpose watches, including a mobile-phone watch. Swatch operates about 350 retail shops worldwide and plans to grow to 500 stores by 2001. Chairman and CEO Nicolas Hayek owns nearly 40% of the company.

 COMPETITION
CASIO COMPUTER CO., LTD. (CSIOY)
Citizen Watch Co., Ltd. (7762)
Seiko Corporation (8050)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,563.30
1-Yr. Sales Growth: 12.5%
Employees: 17,751
Revenue per employee: $144,403.13

 KEY PEOPLE
• H. C. Nicolas G. Hayek
    CEO
• Edgar Geiser
    CFO

 CONTACT INFO
Seevorstadt 6
2502 Biel Bern, Switzerland
Phone: 41-32-343-68-11
Fax: 41-32-343-69-11
Online: Web Site

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