Zurich, Jan 30, 2026 (AFP) - Swatch profit slumps but investors cheer outlook

NAMPA / AFP

2026-01-30

Swiss watches giant Swatch reported a plunge in net profit last year on weak demand for movements and other components, though it forecast a strong recovery in 2026. Investors welcomed the update, with Swatch shares climbing nearly 10 percent on the Zurich stock exchange. Net profit dropped to 25 million Swiss francs (27 million euros), compared with 219 million francs in 2024. The company blamed lower production of movements, hands and dials for......

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