---
title: "Swatch Group H1 FY26 operating income drops to CHF 52 million; net sales rise 8.5% to CHF 3.12 billion at constant rates"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293295405.md"
description: "Swatch Group reported H1 FY26 net sales of CHF 3.12 billion, up 8.5% at constant rates, while operating income dropped to CHF 52 million. Net income fell to CHF 14 million, though operating cash flow rose 68.9% to CHF 304 million. Management highlighted a strong May-June acceleration with 13.1% sales growth, signaling confidence for the second half."
datetime: "2026-07-21T06:11:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293295405.md)
  - [en](https://longbridge.com/en/news/293295405.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293295405.md)
generator: "portal-rs"
---

# Swatch Group H1 FY26 operating income drops to CHF 52 million; net sales rise 8.5% to CHF 3.12 billion at constant rates

-   Swatch Group posted first-half net sales of CHF 3.12 billion, up 2% at current rates. \* Operating income fell to CHF 52 million, cutting the operating margin to 1.7%. \* Net income attributable to shareholders dropped to CHF 14 million, while operating cash flow rose 68.9% to CHF 304 million. \* Net liquidity stood at CHF 1.13 billion, with equity of CHF 11.5 billion and an equity ratio of 85.3%. \* Management flagged a May-June acceleration, with net sales up 13.1% at constant rates and a net operating margin of 8.6%, supporting a stronger second half. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Swatch Group AG published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**