The Swatch Group AG Bearer Shares

UHR: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Swatch Earnings: Top-Line and Margin Pressure Persists but Sentiment Improves; Shares Are Cheap

Jelena Sokolova , Fabienne Pfeiffer

Jan 30, 2026

Swatch reported another weak fiscal year in 2025, with organic sales declining 1.3% and the operating margin falling by 2.4% compared with the prior year. Shares traded 7% higher intraday Jan. 30.

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The Swatch Group AG Bearer Shares

Swatch Earnings: Top-Line and Margin Pressure Persists but Sentiment Improves; Shares Are Cheap

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