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Swatch Sales May Reach 8 Billion Francs in 2012, Le Temps Says

Swatch Group AG Chief Executive Nick Hayek said 2012 sales may reach 7.5 billion Swiss francs ($7.9 billion) to 8 billion francs, Le Temps reported.

The company may achieve 10 billion francs of annual revenue in four to five years, the Swiss newspaper said, citing an interview with the CEO.

To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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