Swatch CEO Sees Good Prospects as Shops Reopen, Travel Resumes
- Hayek expects higher second-half sales as growth speeds up
- Swatch to open more stores than it closes in rest of year
Photographer: Paul Yeung/Bloomberg
Swatch Group AG may be on track to return to pre-pandemic levels of revenue this year as the maker of Omega and Blancpain watches expects a strong second half with pandemic restrictions increasingly being eased across the world.
The watchmaker will probably open more stores than it closes in the second half as the outlook improves, Chief Executive Officer Nick Hayek said in an interview Tuesday. Growth at its own shops recovered quickly as soon as they reopened, he said. The shares rose as much as 4.2% in morning trading.