Luxury Goods
Watches of Switzerland posts flat H1 sales
The group also confirmed adjusted EBIT margin 9.6% and statutory operating profit of £78m, down 16% on a reported basis, compared with £93m the prior year
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2020/10/Watches_of_Switzerland-e1589445135984-750x375-1-350x250-1-e1603182972759.jpg?lossy=1&strip=1&webp=1)
The Watches of Switzerland Group has reported H1 revenues were relatively flat at £761m as it faced a “reduction in the broader jewellery market reflecting temporary softer consumer sentiment and a repositioning to full price sales in the US”.
You'll need to
subscribe to unlock this content. Already subscribed? Login?