{
    "success": true,
    "data": {
        "id": 1143489,
        "msgid": "swatch-2004-sales-increase-45-on-asian-demand-1447899208",
        "date": "2005-02-03 00:00:00",
        "title": "Swatch 2004 Sales Increase 4.5% on Asian Demand ",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Swatch 2004 Sales Increase 4.5% on Asian Demand Hugo Miller Associated Press Geneva Swatch Group, the world's largest watchmaker, said full-year revenue increased 4.5 percent last year as the Swiss company sold more of its Omega and Rado watches in the Asian countries including China and Japan. Sales climbed to 4.15 billion Swiss francs (US$3.49 billion) from 3.97 billion francs a year earlier, Swatch said today in an e- mailed statement.",
        "content": "<p>Swatch 2004 Sales Increase 4.5% on Asian Demand<\/p>\n<p>Hugo Miller<br>\nAssociated Press<br>\nGeneva<\/p>\n<p>Swatch Group, the world's largest watchmaker, said full-year <br>\nrevenue increased 4.5 percent last year as the Swiss company sold <br>\nmore of its Omega and Rado watches in the Asian countries <br>\nincluding China and Japan.<\/p>\n<p>Sales climbed to 4.15 billion Swiss francs (US$3.49 billion) <br>\nfrom 3.97 billion francs a year earlier, Swatch said today in an <br>\ne- mailed statement. Analysts surveyed by Bloomberg News expected <br>\nsales of 4.24 billion francs, according to their median estimate.<\/p>\n<p>\"While Europe proved an extremely challenging environment for <br>\nmany brands, the markets in Asia and the Middle East generally <br>\nperformed very well,\" Biel, Switzerland-based Swatch said in an <br>\ne- mailed statement.<\/p>\n<p>Like Cie. Financiere Richemont AG, a Swiss competitor, Swatch <br>\nis opening outlets in Asia to tap demand for the company's most <br>\nexpensive brands. The region accounts for about a third of <br>\nSwatch's revenue and the company is trying to fuel growth by <br>\nbuilding a flagship store in Tokyo's Ginza shopping district.<\/p>\n<p>Swatch's registered shares rose 15 percent in 2004. Shares of <br>\nRichemont, the maker of Cartier watches, gained 27 percent during <br>\nthat period, while LVMH Moet Hennessy Louis Vuitton SA, the <br>\nworld's biggest luxury-goods company and maker of Tag Heuer <br>\nwatches, dropped 2.3 percent.<\/p>\n<p>The pick-up in demand from Asian consumers helped Swatch <br>\novercome the Swiss franc's 8.3 percent gain against the dollar <br>\nlast year, which eroded the value of U.S. revenue. The company <br>\ngenerates about 12 percent of its revenue from the U.S. and 50 <br>\npercent from Europe.<\/p>\n<p>Swatch expects \"solid growth\" in Swiss francs this year and <br>\nwill examine any acquisition opportunities \"in depth,\" according <br>\nto the statement.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/swatch-2004-sales-increase-45-on-asian-demand-1447899208",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}