Swatch Group AG 2023 AR2
The report highlights Swatch Group's positive development in the 2023 financial year, with Group profit rising by 8.1% to 890 million Swiss francs and net sales increasing by 5.2% to 7,888 million Swiss francs. Despite negative exchange rate effects, the company continued its long-term strategic path, focusing on Swiss production, innovation with over 180 new patents, and expanding its retail business. Swatch Group also emphasized its commitment to sustainability, evaluating its greenhouse gas emissions across Scopes 1, 2, and 3 for the first time. Additionally, the group expanded its workforce, hiring over 800 additional employees in Switzerland and 739 internationally.
Company: Swatch Group AG
Sector: Manufacturing
Country: Switzerland
Year: 2023
Type: AR2
Pages: 104
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Swatch Group AG
Annual Report
The report highlights Swatch Group's positive development in the 2023 financial year, with Group profit rising by 8.1% to 890 million Swiss francs and net sales increasing by 5.2% to 7,888 million Swiss francs. Despite negative exchange rate effects, the company continued its long-term strategic path, focusing on Swiss production, innovation with over 180 new patents, and expanding its retail business. Swatch Group also emphasized its commitment to sustainability, evaluating its greenhouse gas emissions across Scopes 1, 2, and 3 for the first time. Additionally, the group expanded its workforce, hiring over 800 additional employees in Switzerland and 739 internationally.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees