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Swatch Group AG said Thursday that sales in 2019 declined amid political uncertainties as well as the weakening of the U.S. dollar and euro against the Swiss franc.
The Swiss watchmaker UHR, -0.20% said 2019 sales fell to 8.24 billion Swiss francs ($8.46 billion) from CHF8.47 billion the previous year, with net profit also down to CHF730 million from CHF845 million for the same period.
Swatch said it expects healthy growth in 2020 across all markets in local currency except Hong Kong, and that the currency situation will remain challenging for the group.
The company said the board of directors would propose an unchanged dividend of CHF8 per bearer share and CHF1.60 per registered share at the annual general meeting on May 14.
