The Swatch Group AG Profile

c/o Caisse de pensions Swatch Group

Faubourg de l'Hôpital 3
Neuchâtel, NE 2000 Switzerland
Phone: 41-323-436-811
http://www.swatchgroup.com
WELCOME

Hoover's is the business information resource that delivers a unique combination of up-to-date data, broad
coverage, and comprehensive information about companies, decision makers, and industries - along with
powerful tools to put this information to work for your business. Hoover's offers everything you need to
successfully:

* Identify and evaluate potential sales leads, markets, and business partners
* Deepen relationships with current customers
* Assess competitive risks and eliminate threats
* Build presentation-ready reports and customized lists of companies, industries, and decision makers

Unlike other business information providers, only Hoover's has a full-time, in-house editorial and research team
dedicated wholly to investigating, pinpointing, authenticating, and analyzing data to provide the most
comprehensive, up-to-date information available on companies, industries, and executives.

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE i

Table of Contents
Company Overview 1
Key Information 1
Key Financials 1
Key People 2
Company Description 3
Industry Information 5
People 6
Employees 6
Board Members 6
Biographies 8
GEORGES N. HAYEK 8
THIERRY KENEL 8
NAYLA HAYEK 8
ERNST TANNER 9
DANIELA BARBARA AESCHLIMANN 9
CLAUDE NICOLLIER 9
JEAN-PIERRE ROTH 9
JENNIFER ISABELLE MEYER 9
DANIEL PETER ERNST EVERTS 10
MIREILLE SIMONE KOENIG 10
FRANCISCA GABRIELA ZULLIGER BUDOWSKI 10
Company Financials 11
Financial Summary 11
Annual Income Statement 12
Quarterly Income Statement 13
Annual Balance Sheet 14
Quarterly Balance Sheet 15
Annual Cash Flow 16
Quarterly Cash Flow 17
Financial Market Data 18
Historical Financials 19
Competition 20
Competitors List 20

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE ii

Table of Contents (cont.)
Competitive Landscape 20

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE iii

Company Overview
c/o Caisse de pensions Swatch Group
Faubourg de l'Hôpital 3
Neuchâtel, NE 2000 Switzerland
Phone: 41-323-436-811
http://www.swatchgroup.com

Swatch is an international group active in the design, manufacture, and sale of finished watches, jewelry, watch
movements and components. Its more than 15 watch brands range from low-priced Swatch and Flik Flak
collectibles to premium-priced Blancpain, Breguet, Harry Winston, Glashütte Original, and Omega luxury
pieces. The company supplies nearly all the components for its own watches and also sells some movements to
other watchmakers. Its Dress Your Body unit designs and makes jewelry for the Swatch Group brands. Swatch
generates more than 40% of its revenue from China.

Key Information

DUNS Number 480585975

Location Type Parent/Headquarters
Subsidiary Status No
Manufacturer No
Company Type
Plant/Facility Size ( )
Owns/Rents
Accountant PricewaterhouseCoopers AG
Total Employees 31,444
Employee Growth ( )
Employees At This Location 150
Year of Founding or Change in Control
Primary Industry 2024: Management of Companies & Enterprises
Primary SIC Code 67190000: Holding companies, nec
Primary NAICS Code
Tradestyle
Latitude/Longitude 46.99204 / 6.93075

Key Financials

Fiscal Year-End December

2021 Sales (Actual) $7,313.00M
1-Year Sales Growth 30.71%
Net Income $765.00M
1-Year Net Income Growth 0.00%
Total Assets $13,678.00M
Market Value $11,345.12M
Prescreen Score Low Risk

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 1

Key People
Name Title

GEORGES N. HAYEK Managing Director, Director, Member of the Board of

Directors
THIERRY KENEL Financial Manager, Director
NAYLA HAYEK Chairman of the Board
ERNST TANNER Vice Chairman of the Board
DANIELA BARBARA AESCHLIMANN Member of the Board of Directors
CLAUDE NICOLLIER Member of the Board of Directors
JEAN-PIERRE ROTH Member of the Board of Directors
JENNIFER ISABELLE MEYER Administration Secretary
DANIEL PETER ERNST EVERTS Authorised Agent
MIREILLE SIMONE KOENIG Authorised Agent
FRANCISCA GABRIELA ZULLIGER BUDOWSKI Authorised Agent

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 2

Company Description
Systems.
Watches & Jewelry segment, which brings in almost all of Swatch's revenue (about 95%), works in the design,
production and commercialization of watches and jewelry, and Electronic Systems (accounts for the rest)
designs, produces, and commercializes electronic components and sports timing products.
Swatch also operates Swatch Group Services, which supports Swatch's companies in logistical, distribution,
and IT matters.

Note: Growth rates may differ after conversion to US Dollars.

The company's revenue in 2021 increased to CHF7.3 billion compared to CHF5.6 billion in the prior year.
Net income in 2021 decreased to CHF774 million compared to a net loss of CHF53 million in the prior year.
Cash held by the company at the end of 2021 increased to CHF1.9 billion. Operating activities provided CHF1.3
billion while investing and financing activities provided CHF727 million and CHF234 million, respectively.

Swatch is headquartered in Switzerland. Sales in Asia account for nearly 65% of total revenue, with China alone
accounting for more than 40%. Europe, including Switzerland, accounts for about 25%, the Americas generate
over 10%, and the rest comes from Oceania and Africa.

Swatch has a global sales network and service centers, and a wide range of operating and production sites in
the fields of watchmaking, fine jewelry, and electronic components.

The Swatch Group was first established when watchmakers ASUAG and SSIH were merged in 1983. ASUAG
was founded in 1931 in Switzerland to make watches. By the late 1970s ASUAG had acquired some 100 family-
owned companies, many of which were operating independently and inefficiently. When it merged with SSIH,
ASUAG owned the Longines and Rado brands and made watch components.
Watchmaker SSIH was formed in 1930 with the merger of brands Tissot and Omega (which traced its history to
1848). SSIH and other Swiss watchmakers were struggling by the late 1970s. The market was flooded with
cheaper watches made in Japan and Hong Kong that used quartz technology (a technology invented -- but
ignored -- by the Swiss). SSIH had licensed out its prestigious Omega brand to other manufacturers in various
countries, hurting that brand's reputation.
With both ASUAG and SSIH on the verge of bankruptcy, Swiss banks named Nicolas Hayek (then the CEO of
consulting firm Hayek Engineering) to advise the companies on their futures. He recommended that ASUAG and
SSIH merge and then mass-produce a low-cost watch and sell it globally at a set price. The two companies
merged in 1983, forming SMH (Société Suisse de Microélectronique & d'Horlogerie); its headquarters were
ASUAG's in Biel, Switzerland.
SMH had sales of about $1.1 billion with losses of some $124 million in 1983. That year it introduced the
Swatch watch amid some resistance and objections that the watch would ruin the Swiss image of makers of
high-quality, premium-priced watches. But Swatch watches became fashion statements and pop-culture icons in
the 1980s and Hayek, who spearheaded the turnaround, became a Swiss business hero. Hayek and a group of
investors bought a controlling 51% stake of SMH, and he became CEO in 1985.
In 1992 the company bought Blancpain (luxury watches) and Frederic Piguet (luxury watch components). By
1993 SMH had expanded into semiconductor chips, pagers, and telephones. The next year it formed a joint
venture (19%-owned by SMH) called Micro Compact Car (MCC) with Daimler-Benz to make a battery- and
gasoline-powered Swatchmobile.
Because of difficulty in translating its name into other languages, the company changed its name in 1998 to
The Swatch Group. That year it also sold its 19% stake in MCC to Daimler-Benz. In 1999 Swatch bought
Groupe Horloger Breguet, a manufacturer of mechanical timepieces since 1775, and Swiss watch case maker
Favre & Perret. In 2000 the growing company pocketed German luxury watchmaker Glashütter, among others.
Acquisitions in 2001 included two Greek companies, Aliki Perri and Alikonia. Swatch bought Swiss watch dial
maker Rubattel & Weyermann in 2002. Later that year Hayek retired as CEO, but remained chairman; his son

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 3

Nicolas became CEO.
In 2004 Swatch unveiled the Paparazzi, a watch it made in collaboration with MSN Direct (a division of
Microsoft) which can link to updated international news, weather forecasts, and lottery results. All that, and it
tells the time. The production side of business grew again in October 2006 when the company acquired watch
dial maker MOM Le Prélet SA of Switzerland.
Swatch subsequently struck a handful of deals with retailers to further its products. Swatch formed a retail
partnership in 2006 with Tourneau, the world's largest watch store, to open watch stores in high-end outlet malls
across the US. In 2008 it took a significant stake in luxury goods retailer Rivoli Group, based in Dubai.
Swatch has also disposed of assets in order to focus on its core operations. In early 2010 the company sold the
assets of its Microcomponents Ltd of Switzerland and Zhuhai SMH Watchmaking Co. subsidiaries, which
produce stepper motors and clocks for automobile instrument panels, to Singapore's Juken Technology. The
deal was worth some S$6 million and included the units' manufacturing centers in China and Switzerland.
Founder and chairman Nicolas Hayek died upexpectedly of heart failure in June 2010. He was succeeded by
vice chairman Nayla Hayek, his daughter.

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 4

Industry Information

Primary SIC Code

67190000: Holding companies, nec

Primary NAICS Code

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 5

People

Employees

Title Name Age Salary Bonus

Managing Director, GEORGES N. HAYEK -- -- --

Director, Member of the
Board of Directors
Financial Manager, THIERRY KENEL -- -- --
Director
Chairman of the Board NAYLA HAYEK -- $1.07M $900,000.00
Vice Chairman of the ERNST TANNER -- -- --
Board
Member of the Board of DANIELA BARBARA -- -- --
Directors AESCHLIMANN
Member of the Board of PROFESSOR CLAUDE -- -- --
Directors NICOLLIER
Member of the Board of DOCTOR JEAN-PIERRE ROTH -- -- --
Directors
Administration Secretary JENNIFER ISABELLE MEYER -- -- --
Authorised Agent DANIEL PETER ERNST -- -- --
EVERTS
Authorised Agent MIREILLE SIMONE KOENIG -- -- --
Authorised Agent FRANCISCA GABRIELA -- -- --
ZULLIGER BUDOWSKI

Board Members

Title Name Age

Member of the Extended Group CALOGERO POLIZZI --

Management Board
Board Member CLAUDE NICOLLIER --
Co-Chief Legal Officer, Member of the DANIEL EVERTS --
Extended Group Management Board
Member of the Board of Directors DANIELA AESCHLIMANN --
Board Member DANIELA BARBARA AESCHLIMANN --
Vice Chairman of the Board of Director ERNST TANNER --
Member of the Executive Group FLORENCE OLLIVIER-LAMARQUE --
Management Board
Member of the Executive Group FRANCOIS THIEBAUD --
Management Board
President of the Executive Group GEORGES HAYEK --
Management Board, Chief Executive
Officer, Member of the Board of Directors
Member of the Board of Director H.C. CLAUDE NICOLLIER --

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 6

Title Name Age

Member of the Extended Group HANS-RUDOLF GOTTIER --

Management Board
Member of the Board of Director JEAN-PIERRE ROTH --
Vice-President and Head of Technical and LIONEL A MARCA --
Development Management for Blancpain
and Harry Winston, Member of the
Extended Group Management Board
Member of the Executive Group MARC HAYEK --
Management Board
Member of the Extended Group MATTHIAS BRESCHAN --
Management Board
Co-Chief Legal Officer, Member of the MIREILLE KOENIG --
Extended Group Management Board
Member of the Executive Group MOUGAHED DARWISH --
Management Board
Corporate Controlling and Logistics, PETER STEIGER --
Member of the Executive Group
Management Board
Member of the Executive Group PIERRE-ANDRE BUEHLER --
Management Board
Member of the Executive Group RAYNALD AESCHLIMANN --
Management Board
Chief Executive Officer of Nivarox-FAR, ROGER JUILLET --
Member of the Extended Group
Management Board
Member of the Extended Group SYLVAIN DOLLA --
Management Board
Chief Financial Officer, Member of the THIERRY KENEL --
Executive Group Management Board
Member of the Extended Group YANN GAMARD --
Management Board

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 7

Biographies

GEORGES N. HAYEK
Managing Director, Director, Member of the Board of Directors

THIERRY KENEL
Chief Financial Officer, Member of the Executive Group Management Board

Biography
Dr. Thierry Kenel serves as Chief Financial Officer, Member of the Executive Group Management Board of the
Company. He holds a doctorate in Economics, a degree in Mechanical Engineering and a postgraduate degree
in Management of Technology. As a Member of the Extended Group Management Board since 2009 and of the
Executive Group Management Board since 2012, he is responsible for Corporate Finance, Reporting, Investor
Relations, Swatch Group Belgium, Swatch Group Netherlands, Swatch Group Luxembourg, Swatch Group
Greece and Swatch Group South Africa. Mr Kenel has been with the Swatch Group since 2003, first as Group
Controller in the business segment Electronic Systems and subsequently as head of Finance, IT and
Administration at Montres Breguet SA. Prior to joining the Swatch Group, Mr Kenel was a lecturer and
researcher in the field of economics at the University of Lausanne; earlier, he was a member of the Board of
Directors and the management of the Flumroc- Spoerry group of companies. Mr Kenel represents the Swatch
Group in the Board of economiesuisse, the Convention Patronale and the Federation of the Swiss Watch
Industry FH, where he presides over the Economic Commission. Mr Kenel continues to be a private lecturer of
Finance and Financial Reporting at the University of Lausanne (HEC) as well as at the Swiss Institute of
Certified Accountants and Tax Consultants. He is also a member of the Liaison Committee University-Industry at
the University of Lausanne (HEC).

NAYLA HAYEK
Chairwoman of the Board of Directors

Salary: $1.07M Bonus: $900,000.00

Biography
Dr. Nayla Hayek serves as Chairwoman of the Board of Directors of the Company. Mrs. Nayla Hayek has been
on the Board of Directors of the Swatch Group since 1995. As a member of the World Arabian Horse
Organization (WAHO), and as international Arabian horse judge, Mrs Hayek's top-level contacts contribute to
many of the business and promotional activities of the Swatch Group and she is responsible for the local
organization in Dubai (Swatch Group Middle East) on site. Mrs Hayek is Chairwoman of the Board of Directors
of the Rivoli Group, Dubai and represents there the interests of Swatch Group. Following the acquisition of Harry
Winston as per 26 March 2013, Mrs Hayek was appointed president and CEO of this new business entity. She is
also a member of the Board of Directors of Belenos Clean Power Holding Ltd and of Wat Holding AG. As Board
member of Hayek Holding AG, she is responsible for Hayek Engineering AG and Hayek Immobilien AG. She
holds no official function or political office.

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 8

ERNST TANNER
Vice Chairman of the Board of Directors

Biography
Mr. Ernst Tanner serves as Vice Chairman of the Board of Directors of the Company. He has been on the Board
of Directors of the Swatch Group since 1995. He has been Vice-Chairman of the Board of Directors since 29
June 2011. Mr Tanner is the Executive Chairman of the Lindt & Sprüngli Group. Before his activity with Lindt &
Sprüngli, he was for over 25 years in leading management positions with the Johnson & Johnson Group in
Europe and the USA, ending up as Company Group Chairman Europe. In addition, he is a member of the Board
of Directors of the German Krombacher- Brauerei GmbH & Co. KG and of the Advisory Board of the Austrian
SIGNA Group. Otherwise, he exercises no other executive or advisory functions and holds no official function or
political office.

DANIELA BARBARA AESCHLIMANN

Member of the Board of Directors

CLAUDE NICOLLIER
Member of the Board of Directors

JEAN-PIERRE ROTH
Member of the Board of Directors

Biography
Dr. Jean-Pierre Roth Ph.D. serves as Member of the Board of Directors of the Company. Mr Roth taught at the
University of Geneva and at the Graduate Institute (HEI). In 2009 the University of Neuchâtel conferred him a
honorary doctorate in economics. Jean-Pierre Roth joined the Swiss National Bank in 1979 where he was active
in various areas in Zürich and Bern. On 1 May 1996 he was appointed Vicepresident of the board. On 1 January
2001 he was elected President of the board. Jean-Pierre Roth was Swiss governor of the International Monetary
Fund (IMF) in Washington. From 1 March 2006 until end of February 2009 he was Chairman of the Board of
Directors of the Bank of International Settlements (BIZ) in Basel. At the end of 2009, Mr Roth resigned as
President of the Swiss National Bank. Mr Jean-Pierre Roth was elected as President of the «Banque cantonale
de Genève» and member of the Board of Swiss Re and of Nestlé Ltd in 2010. In 2014, he was elected as
member of the Board of MKS (Switzerland). Since then, Mr Roth retired from the Board of Swiss Re, Nestlé Ltd
and the «Banque cantonale de Genève». Since 1 July 2017, Mr Roth acts as Vice President of the Arab Bank
(Switzerland) Ltd

JENNIFER ISABELLE MEYER

Administration Secretary

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 9

DANIEL PETER ERNST EVERTS
Authorised Agent

MIREILLE SIMONE KOENIG

Authorised Agent

FRANCISCA GABRIELA ZULLIGER BUDOWSKI

Authorised Agent

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 10

Company Financials

Financial Summary

Company Type
Swiss:UHR
Parent/Headquarters
Fiscal Year-End December
2021 Sales (Actual) $7,313.00M
1-Year Sales Growth 30.71%
2021 Net Income $765.00M
1-Year Net Income Growth 0.00%
Prescreen Score Low Risk

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 11

Annual Income Statement
All amounts in millions of US Dollars except per share amounts.

Dec 2021 Dec 2020 Dec 2019 Dec 2018

Revenue 7,313.00 5,595.00 8,243.00 8,475.00
Cost of Goods Sold 1,775.00 1,542.00 1,900.00 1,909.00
Gross Profit 5,538.00 4,053.00 6,343.00 6,566.00
Gross Profit Margin 75.73% 72.44% 76.95% 77.47%
SG&A Expense 1,006.00 790.00 1,245.00 1,358.00
Depreciation and Amortization 438.00 463.00 480.00 494.00
Operating Income 1,021.00 52.00 1,023.00 1,154.00
Operating Margin 13.96% 0.93% 12.41% 13.62%
Nonoperating Income -- -- -- --
Nonoperating Expenses -- -- -- --
Income Before Taxes 1,011.00 36.00 1,004.00 1,133.00
Income Taxes 237.00 89.00 256.00 266.00
Net Income After Taxes 765.00 (51.00) 730.00 845.00

Continuing Operations 774.00 (53.00) 748.00 867.00

Discontinued Operations -- -- -- --
Total Operations -- -- -- --
Total Net Income 765.00 (51.00) 730.00 845.00
Net Profit Margin 10.46% (0.91%) 8.86% 9.97%

Diluted EPS from Continuing Operations -- -- -- --

Diluted EPS from Total Operations -- -- -- --
Diluted EPS from Total Net Income 14.77 (0.20) 2.83 3.23
Dividends Per Share 3.50 0.27 1.60 7.50

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 12

Quarterly Income Statement
All amounts in millions of US Dollars except per share amounts.

Quarter Ending
Revenue --
Cost of Goods Sold --
Gross Profit --
Gross Profit Margin --
SG&A Expense --
Depreciation and Amortization --
Operating Income --
Operating Margin --
Nonoperating Income --
Nonoperating Expenses --
Income Before Taxes --
Income Taxes --
Net Income After Taxes --

Continuing Operations --
Discontinued Operations --
Total Operations --
Total Net Income --
Net Profit Margin --

Diluted EPS from Continuing Operations --

Diluted EPS from Total Operations --
Diluted EPS from Total Net Income --
Dividends Per Share --

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 13

Annual Balance Sheet
All amounts in millions of US Dollars except per share amounts.

Assets
Dec 2021 Dec 2020 Dec 2019 Dec 2018
Cash 1,979.00 1,585.00 1,239.00 944.00
Net Receivables 710.00 685.00 838.00 893.00
Inventories 6,389.00 6,315.00 6,852.00 6,917.00
Other Current Assets -- -- -- --
Total Current Assets 10,107.00 9,238.00 9,555.00 9,458.00
Net Fixed Assets 2,771.00 2,929.00 3,189.00 3,245.00
Other Noncurrent -- -- -- --
Total Assets 13,678.00 12,897.00 13,692.00 13,661.00

Shareholder's Equity
Dec 2021 Dec 2020 Dec 2019 Dec 2018
Preferred Stock Equity -- -- -- --
Common Stock Equity 118.00 118.00 118.00 125.00
Total Equity 11,540.00 10,897.00 11,405.00 11,185.00
Shares Outstanding (M) 51.81 51.77 51.62 51.70

Liabilities
Dec 2021 Dec 2020 Dec 2019 Dec 2018
Accounts Payable 313.00 281.00 313.00 393.00
Short-Term Debt 97.00 88.00 101.00 202.00
Other Current Liabilities 165.00 134.00 127.00 116.00
Total Current Liabilities 1,377.00 1,212.00 1,361.00 1,549.00
Long-Term Debt 2.00 3.00 20.00 22.00
Other Noncurrent -- -- -- --
Total Liabilities 2,073.00 1,932.00 2,199.00 2,387.00

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 14

Quarterly Balance Sheet
All amounts in millions of US Dollars except per share amounts.

Assets
Quarter Ending
Cash --
Net Receivables --
Inventories --
Other Current Assets --
Total Current Assets --
Net Fixed Assets --
Other Noncurrent --
Total Assets --

Shareholder's Equity
Quarter Ending
Preferred Stock Equity --
Common Stock Equity --
Total Equity --
Shares Outstanding (M) --

Liabilities
Quarter Ending
Accounts Payable --
Short-Term Debt --
Other Current Liabilities --
Total Current Liabilities --
Long-Term Debt --
Other Noncurrent --
Total Liabilities --

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 15

Annual Cash Flow
All amounts in millions of US Dollars except per share amounts.

Dec 2021 Dec 2020 Dec 2019 Dec 2018

Cash & Cash Equivalents at Beginning 1,540.00 1,148.00 902.00 1,291.00
of Year
Net Cash Provided by Operating -- -- -- --
Activities
Net Cash Provided by Investing Activities -- -- -- --
Net Cash Privided by Financing Activities (234.00) (251.00) (615.00) (659.00)
Net Increase/Decrease in Cash & 337.00 442.00 265.00 (367.00)
Equivalents
Cash & Cash Equivalents at End of Year 1,887.00 1,540.00 1,148.00 902.00

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 16

Quarterly Cash Flow
All amounts in millions of US Dollars except per share amounts.

Quarter Ending
Cash & Cash Equivalents at Beginning --
of Year
Net Cash Provided by Operating --
Activities
Net Cash Provided by Investing Activities --
Net Cash Privided by Financing Activities --
Net Increase/Decrease in Cash & --
Equivalents
Cash & Cash Equivalents at End of Year --

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 17

Financial Market Data

Current Information

Last Close (25-Nov-2022) $239.50 Price/Sales Ratio 7.61

52-Week High $309.50 Price/Book Ratio 4.93
52-Week Low $215.70 Price/Earnings Ratio 70.90
60-Month Beta 0.89 Price/Cash Flow Ratio 53.81
Market Cap $11,345.12M Return on Assets 5.76%
Shares Outstanding 51.81M Return on Equity 6.82%
Dividend Rate 5.50 Current Ratio 7.34
Dividend Yield 2.30% Long-Term Debt/Equity 0.00
# of Institutional Holders 598 % Owned by Institutions 24.99%
Latest Short Interest Ratio -- Latest Net Insider Transactions --

Growth 12 Month 36 Month 60 Month

Revenue Growth 30.71% (4.80%) (0.64%)

EPS Growth -- (2.89%) 6.70%
Dividend Growth (36.36%) (22.43%) (14.14%)

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 18

Historical Financials

Income Statement

Year Revenue ($M) Net Income ($M) Net Profit Margin

Dec 2021 7,313.00 765.00 10.46%

Dec 2020 5,595.00 (51.00) (0.91)%
Dec 2019 8,243.00 730.00 8.86%
Dec 2018 8,475.00 845.00 9.97%

2021 Year-End Financials

Debt Ratio 0.02%

Return on Equity 6.82%
Cash ($M) 1,979.00
Current Ratio 7.34
Long-Term Debt ($M) 2.00
Shares Outstanding (M) 51.81
Dividend Yield 2.30%
Dividend Payout 1.76
Market Cap ($M) 11,345.12

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 19

Competitors List
Company Gross Revenue Employees

Axel Johnson AB $10,340.55M

Bleach Group, Inc. (Top Competitor) $54,243.00 1
BUNZL PUBLIC LIMITED COMPANY $13,721.20M 21,021
Clariant AG $4,733.73M 13,374
COMPAGNIE FINANCIERE RICHEMONT SA $21,763.05M 35,853
Cutter & Buck Inc. (Top Competitor) $58.19M 380
EDOB Abwicklungs AG $822.72M 4,100
Fossil Group, Inc. $1,870.04M 7,500
GKN LIMITED --
H & M Hennes & Mauritz AB (Top Competitor) $23,077.19M
HERMES INTERNATIONAL $448.19M
INCHCAPE PLC $10,192.54M
INVESTCORP HOLDINGS B.S.C $463.00M
KERING $235.58M
Levi Strauss & Co. $5,763.94M 16,600
LUXOTTICA GROUP SPA $3,569.00M
LVMH MOET HENNESSY LOUIS VUITTON $503.87M
Movado Group, Inc. $732.39M 1,297
N BROWN GROUP PLC $965.71M
Signet Jewelers Limited $7,826.00M 30,856
Sotheby's $1,035.74M 1,662
Svenska Cellulosa AB SCA $2,055.55M
Tiffany & Co. $4,424.00M 14,100
Victoria Retail Group B.V. $3,259.38M 18,320

Competitive Landscape
Companies listed are Top Competitors.

Key Numbers The Swatch Bleach Group, Cutter & Buck H & M Hennes &
Group AG Inc. Inc. Mauritz AB

Annual Sales ($M) $7,313.00M -- -- $198,967.00M

Employees 31,444 -- -- --
Market Cap ($M) $11,345.12M -- -- $16,558.76M

Profitability The Swatch Bleach Group, Cutter & Buck H & M Hennes &
Group AG Inc. Inc. Mauritz AB

Gross Profit Margin 75.73% -- -- 52.78%

Pre-Tax Profit 13.82% -- -- 7.19%
Net Profit Margin 10.46% -- -- 5.53%
Return on Equity 6.82% -- -- 19.21%
Return on Assets 5.76% -- -- 6.22%
Return on Invested Capital 6.69% -- -- 8.99%

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 20

Valuation The Swatch Bleach Group, Cutter & Buck H & M Hennes &
Group AG Inc. Inc. Mauritz AB

Price/Sales Ratio 7.61 -- -- 0.85

Price/Earnings Ratio 70.90 -- -- 20.44
Price/Book Ratio 4.93 -- -- 3.38
Price/Cash Flow 53.81 -- -- 7.22

Operations The Swatch Bleach Group, Cutter & Buck H & M Hennes &
Group AG Inc. Inc. Mauritz AB

Days of Sales Outstanding 34.8 -- -- 5.6

Inventory Turnover 0.3 -- -- 2.5
Days of Cost of Goods Sold in Inventory 1,306.2 -- -- 146.7
Asset Turnover 0.6 -- -- 1.1
Net Receivables Turnover Flow 10.5 -- -- 64.8
Effective Tax Rate 23.44% -- -- 23.01%

Financial The Swatch Bleach Group, Cutter & Buck H & M Hennes &
Group AG Inc. Inc. Mauritz AB

Current Ratio 7.34 -- -- 1.29

Quick Ratio 2.57 -- -- 0.56
Leverage Ratio 1.19 -- -- 3.00
Total Debt/Equity 0.01 -- -- 1.11
Interest Coverage 203.20 -- -- 13.35

Per Share Data The Swatch Bleach Group, Cutter & Buck H & M Hennes &
Group AG Inc. Inc. Mauritz AB

Earnings Per Share $14.78 -- -- $1.33

Dividend Per Share $3.50 -- -- $1.29
Cash Flow Per Share $0.21 -- -- $1.41
Working Capital Per Share $1.73 -- -- $0.88
Long-Term Debt Per Share -- -- -- --
Book Value Per Share $2.25 -- -- $3.01
Total Assets Per Share $2.65 -- -- $10.69

Growth The Swatch Bleach Group, Cutter & Buck H & M Hennes &
Group AG Inc. Inc. Mauritz AB

12-Month Revenue 30.71% -- -- 6.38%

12-Month Net Income -- -- -- 785.76%
12-Month EPS Growth -- -- -- 786.67%
12-Month Dividend Growth (36.36%) -- -- --
36-Month Revenue (4.80%) -- -- (1.85%)
36-Month Net Income (3.26%) -- -- (4.53%)
36-Month EPS Growth (2.89%) -- -- (4.52%)
36-Month Dividend Growth (22.43%) -- -- (13.11%)

866-541-3770 • HOOVERS.COM December 7, 2022 • PAGE 21

Reproduced with permission of copyright owner. Further reproduction
prohibited without permission.