|Bid||200.00 x 0|
|Ask||205.00 x 0|
|Day's Range||195.95 - 207.20|
|52 Week Range||151.00 - 322.00|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||14.18|
|Earnings Date||Mar 19, 2020|
|Forward Dividend & Yield||8.00 (3.96%)|
|Ex-Dividend Date||May 18, 2020|
|1y Target Est||386.42|
Swiss watchmaker Swatch Group is taking a "massive" hit from the outbreak of the novel coronavirus that sharply affected business in major market China, Chief Executive Nick Hayek said in a Sunday newspaper interview. "Given our very strong market position in China, of course we are massively hit by the temporary closing of hundreds of stores," he told Swiss newspaper SonntagsZeitung. "But we are seeing fewer problems on the supply chain side because Swatch Group produces a lot by itself in Switzerland," he added.
Swatch Group AG said Thursday that sales in 2019 declined amid political uncertainties as well as the weakening of the U.S. dollar and euro against the Swiss franc.
Swatch will be blocked from selling some parts to watchmakers, ranging from Richemont's Cartier to Chopard and Breitling, from next year in an escalation of a row between the world's biggest watchmaker and Switzerland's competition regulator. While anti-trust agency WEKO stopped short of an outright sales ban, it said on Thursday it had barred deliveries of so-called movements, the components which keep expensive mechanical timepieces ticking, to Swatch customers from January. "Companies that thought they would get movements from Swatch Group next year now have to scramble to find replacements," Kepler Cheuvreux analyst Jon Cox said.
Bremont, which began making watches in 2002, wants to bring British watchmaking back. The brand’s watches are inspired by, but not limited to, the British armed forces, famous cars, and legendary airplanes. Bremont’s latest watch is a very limited creation, with some very interesting bits.