1012 GMT - Exports of Swiss watches returned to negative territory in February, which is in line with the previous guidance from the Federation of the Swiss Watch Industry, or FH, Citi analysts Thomas Chauvet and Mahesh Mohankumar say. Total exports dropped 8.2% in February, after exports increased 4.1% on year in the prior month. FH previously said that global Swiss watch exports should decline again in 2025 given no imminent turnaround in Chinese demand. Richemont and Swatch Group trade 3% and 4.3% lower, respectively. Shares in Watches of Switzerland fall 3.4%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 06:12 ET (10:12 GMT)
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