No Swiss Watch Export Uptick Expected This Year -- Market Talk

Dow Jones

Feb 20, 2025

1045 GMT - Swiss watch exports had a smooth start to 2025, but no rebound is expected this year, Vontobel analyst Jean-Philippe Bertschy says in a note. Total exports in January grew 4.1% on year to 1.99 billion Swiss francs, according to data from the Federation of the Swiss Watch Industry. Vontobel had expected a low single-digit decline. Despite a return to growth in January, consensus on China remains very cautious, while uncertainties surrounding possible tariffs in the U.S. will weigh on the sector, he says. Vontobel prefers Richemont, due to its presence in the fast-growing jewelry sector. Meanwhile, Swatch Group is highly exposed to China and to the low-price segment, which are still subdued. Shares in Richemont and Swatch jump 1.2% and 3.3%, respectively. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

February 20, 2025 05:45 ET (10:45 GMT)

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Total exports in January grew 4.1% on year to 1.99 billion Swiss francs, according to data from the Federation of the Swiss Watch Industry. Vontobel had expected a low single-digit decline. Despite a return to growth in January, consensus on China remains very cautious, while uncertainties surrounding possible tariffs in the U.S. will weigh on the sector, he says. Vontobel prefers Richemont, due to its presence in the fast-growing jewelry sector. Meanwhile, Swatch Group is highly exposed to China and to the low-price segment, which are still subdued. Shares in Richemont and Swatch jump 1.2% and 3.3%, respectively. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 20, 2025 05:45 ET (10:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>No Swiss Watch Export Uptick Expected This Year -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNo Swiss Watch Export Uptick Expected This Year -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-20 18:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1045 GMT - Swiss watch exports had a smooth start to 2025, but no rebound is expected this year, Vontobel analyst Jean-Philippe Bertschy says in a note. Total exports in January grew 4.1% on year to 1.99 billion Swiss francs, according to data from the Federation of the Swiss Watch Industry. Vontobel had expected a low single-digit decline. Despite a return to growth in January, consensus on China remains very cautious, while uncertainties surrounding possible tariffs in the U.S. will weigh on the sector, he says. Vontobel prefers Richemont, due to its presence in the fast-growing jewelry sector. Meanwhile, Swatch Group is highly exposed to China and to the low-price segment, which are still subdued. Shares in Richemont and Swatch jump 1.2% and 3.3%, respectively. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 20, 2025 05:45 ET (10:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFRUY","symbol_name":"历峯集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512448358","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512448358","pubTimestamp":1740048300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1045 GMT - Swiss watch exports had a smooth start to 2025, but no rebound is expected this year, Vontobel analyst Jean-Philippe Bertschy says in a note. Total exports in January grew 4.1% on year to 1.99 billion Swiss francs, according to data from the Federation of the Swiss Watch Industry. Vontobel had expected a low single-digit decline. Despite a return to growth in January, consensus on China remains very cautious, while uncertainties surrounding possible tariffs in the U.S. will weigh on the sector, he says. Vontobel prefers Richemont, due to its presence in the fast-growing jewelry sector. Meanwhile, Swatch Group is highly exposed to China and to the low-price segment, which are still subdued. Shares in Richemont and Swatch jump 1.2% and 3.3%, respectively. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFRUY":"历峯集团","BK4202":"服装、服饰与奢侈品","SWGAY":"Swatch Group AG"},"translate_title":"预计今年瑞士手表出口不会增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFRUY":0.9,"SWGAY":0.9},"content_text":"1045 GMT - Swiss watch exports had a smooth start to 2025, but no rebound is expected this year, Vontobel analyst Jean-Philippe Bertschy says in a note. Total exports in January grew 4.1% on year to 1.99 billion Swiss francs, according to data from the Federation of the Swiss Watch Industry. Vontobel had expected a low single-digit decline. Despite a return to growth in January, consensus on China remains very cautious, while uncertainties surrounding possible tariffs in the U.S. will weigh on the sector, he says. Vontobel prefers Richemont, due to its presence in the fast-growing jewelry sector. Meanwhile, Swatch Group is highly exposed to China and to the low-price segment, which are still subdued. Shares in Richemont and Swatch jump 1.2% and 3.3%, respectively. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 20, 2025 05:45 ET (10:45 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}