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Rolex Watches Last year the Swatch Group’s net profit exceeded the one billion franc mark for the first time (1,015 million), an increase of 22.3% compared to the 830 million recorded in 2006. Operating profit meanwhile increased by 27.0% to 1,236 million on turnover – published in January (see Revue FH n°2 of 31 January 2008, p. 13) - of 5,941 million (+17.6%).

Swiss Rolex WatchesBy sector of activity, operating profit rose sharply in the production of movements and watch components (+59.9% to 235 million on turnover of 1,684 million). The result was also excellent in the watch and jewellery sector with an increase of 24.7% to 920 million on turnover of 4,710 million, while the electronic systems sector saw its profitability fall by 6.6% to 99 million on sales of 630 million.

Cartier Watches In the light of these excellent results, the group’s Board of Directors decided to propose to the General Meeting, scheduled to take place on 21 May this year, an increase in dividends of 21.4% to 4.25 francs per bearer share and 0.85 franc per registered share.

Breitling Watches Regarding forecasts for 2008, the group notes in an official statement published on 14 March that "the strong trend of the 2007 financial year has been maintained in January and February 2008". Consequently it is counting this year on a further increase in turnover together with enhanced profitability, despite the current negative impact of exchange rates.

Rado Watches The AT&T Williams stable and Oris have extended by three years the partnership agreement that has bound them since 2003. The watch manufacturer, the official timekeeping partner of the Formula 1 stable, will continue its sponsorship commitment while at the same time raising its advertising profile.

After appearing last year on the gloves of drivers, the Oris logo will also decorate the awning of the pit stand as well as the right-hand sleeve of the stable’s official shirts and jackets. These new emblems will be added to the logos that already appear on cars and the overalls of drivers and mechanics.

To mark this closer partnership and also the 30th anniversary of the Williams stable, Oris will be launching an exceptional watch, only 300 of which will be produced and sold throughout the world.

Ulrich Herzog, the Chief Executive Officer of Oris, is delighted with the renewal of this agreement: "Our brand has benefited greatly from its long-term relationship with the Williams stable. This new three year undertaking demonstrates our desire to strengthen our partnership at a time when Oris is developing its popularity, its image and its sales at an international level."

For his part, Frank Williams, Director of the AT&T Williams stable, also pronounced himself very satisfied: "I am always delighted when well-established partners decide to extend their relationship with the stable: this is the best proof of the value of what we are doing. In a world where everything hinges on a fraction of a second, benefiting from the support of a watch manufacturer of the stature of Oris until 2010 is a superb show of trust."TAG Heuer Watches IWC Watches Panerai Watches Swiss Chanel Ceramic Watch Chanel Watches Movado Watches Omega Watches Oris WatchesEbel is continuing and intensifying its commitment to the world of football. Following in Arsenal’s footsteps, Bayern Munich is the latest team to have signed a strategic alliance with the Architects of Time.

On 10 February, Thomas van der Kallen, the Chairman of Ebel, and Karl-Heinz Rummenigge, the Chairman of Bayern Munich, held a press conference in the Bavarian capital to announce the partnership between the watch manufacturer based in La Chaux-de-Fonds and Germany’s most prestigious football club. In its capacity as Bayern’s official partner, Ebel will take on responsibility over the next five years – the agreement enters into force on 1st July – for all aspects related to timekeeping during matches played by the Munich team at its stadium, the Allianz-Arena.

Expressing his delight at this new partnership, Thomas van der Kallen emphasised that following an initial alliance with the London club Arsenal last year, Bayern Munich marked an important step for Ebel in its approach to the world of football and that it now envisaged possible agreements with other leading European teams.

To symbolise this association, Ebel has developed a watch dedicated specially to football. Far from restricting themselves the watch’s visual appearance, the firm’s watchmakers devoted many hours to developing an exclusive movement ideally suited to this sport, making it possible not only to measure precisely the duration of each period of play – hence its name 245 (or 2x45 minutes) – but also indicating the duration of time added on. The time elapsed is displayed very clearly (see photo) thanks to the extra large 45 minute counter. This new calibre comes as an addition to the 1911 line. Produced in limited editions with the badges of Arsenal and Bayern Munich, it will be available this autumn.

Bayern Munich has won more trophies than any other club in the Bundesliga, with twenty Championship titles and thirteen German Cup victories to its name. It is also a two-times winner of the Intercontinental Cup, has been victorious in the Champions League four times and the UEFA Cup once, and has also won the European Cup Winner's Cup. Its name is synonymous with success, excellence and world-class performance well beyond the borders of Germany and Europe.

The Allianz Arena, designed by the renowned Basel architects Herzog & de Meuron and opened in April 2005, superbly embodies the new trend which sees contemporary football – like Ebel moreover – attaching great importance to architecture. This extremely innovative construction offers, in the words of its designers, "a futuristic interpretation of the basic concept of football". Its breathtaking exterior is illuminated on match days by a cascade of red light which ripples over the shell to give the stadium a quasi-magical aura. No other place could have been more appropriate therefore to announce the new alliance between the Bavarian club and the Architects of Time.Patek Philippe Watches Chopard Watches Corum Watches Bvlgari Watches Audemars Piguet Watches Franck Muller Watches Jaeger LeCoultre Watches Montblanc Watches Piaget Watches In a pioneering development, Bedat & Co recently opened its official online watch store. Initially it will be reserved to enthusiasts of the company living in Switzerland, the United Kingdom and the United States; in the near future however it will be extended to the entire euro zone. Its opening in Japan is planned for later in the year.

With this online store, Internet users will be able to make their choice from among all models of the different collections, thanks in particular to a “watch finder”. This system allows the selection of different choice criteria such as materials, movement or indeed the shape of the case. The “watch finder” will then present to the user the corresponding models. This very practical sales assistant has existed on the Geneva firm’s web site since the launch of its new version in February 2007. It allows access with just a few clicks of the mouse to the type of timepiece required and to all technical and general information concerning the model. Information provided now includes availability times and prices. Online payments are of course protected by a specialist firm and can be made by credit card or bank transfer.

Directly accessible in the menu of the official site bedat.com and via the “purchase” option which has now been added to the watch legends, this store is the only official site for the online purchase of Bedat & Co watches, whose products come with an official five year warranty. Naturally, online customers will become members of the Bedat & Co Confidential club in the same way as those acquiring their timepiece from conventional retailers: in this way, the firm offers one-year access to the world’s most prestigious luxury concierge service, organised with the expertise of Quintessentially.Replia Rolex Watches Replia Swiss Rolex Watches Replia Cartier Watches Replia Breitling Watches Replia Rado Watches Replia TAG Heuer Watches Replia IWC Watches Replia Panerai Watches Replia Swiss Chanel Ceramic Watch Replia Chanel Watches Replia Movado Watches Replia Omega Watches Replia Oris Watches Replia Patek Philippe Watches Replia Chopard Watches Replia Corum Watches Replia Bvlgari Watches Replia Audemars Piguet Watches Replia Franck Muller Watches Replia Jaeger LeCoultre Watches Replia Montblanc Watches Replia Piaget WatchesSwiss Watch Exports In 2007 Exceptional Vintage

(January 29, 2008)

Provisional year end figures indicate a particularly good result for Swiss watch exports in 2007. Their value in December increased by 13.8% compared to December 2006, attaining a level of 1.433 billion francs. These very good monthly figures confirm what had been expected for many months: a record year and growth unrivalled over the last 18 years. At 15.96 billion, watch exports almost exceeded the 16 billion franc mark in 2007, posting a rate of growth of 16.2%.

May was the only month in 2007 not to show a rate of variation in two digits, while January was the only month not to exceed the value of one billion francs in exports. The annual performance therefore is excellent. 2007 broke a series of records, both in terms of monthly values and rates of growth. No particular weaknesses are observable over the last financial year and results for watch exports have systematically exceeded forecasts.

Products During 2007, the most important contributions in value terms were made by 18-carat gold (+24.9%) and steel (+14.7%), which comfortably retained the largest market share. Most other materials registered an increase, with the exception of the category of other materials which showed a slight decline (-1.7%). In terms of the number of watches exported, steel generated a significant increase (+9.9%). The category of other materials followed the opposite trend with a decline of -7.0%. In total, 25.9 million wristwatches left Switzerland in 2007, more than a million units more than in 2006 (+4.2%). Timepieces costing more than 3,000 francs (export price) impressed throughout 2007. They registered very high rates of growth and served as a real engine of growth for the industry. Their value increased by 25.3% and the number of pieces by 16.7% compared to 2006. Wristwatches priced below 3,000 francs showed more moderate growth, recording increases of +7.4% by value and +3.7% by volume. Exports of other products also registered growth. Watch straps and bracelets saw their value increase by 8.0%. Movements, mainly electronic, increased by 21.3%. Dials recorded an increase of 7.4%. Finally, alarms and clocks were on a par with the average at +15.8%.

Markets During the year 2007, the fifteen main markets showed the following trend (total value in million francs and % variation by comparison with 2006):

United States 2,440.9 +6.7%
Hong Kong 2,433.3 +25.0%
Japan 1,207.4 -4.7%
Italy 1,021.1 +13.3%
France 982.9 +20.9%
Germany 829.3 +7.9%
Singapore 670.0 +24.3%
United Kingdom 658.6 +11.6%
China 577.6 +43.0%
United Arab Emirates 527.6 +36.6%
Spain 523.2 +10.9%
Russia 322.1 +57.4%
Taiwan 275.5 +7.4%
Thailand 237.0 +16.8%
Mexico 205.3 +27.7%

December saw a change in the ranking of the main markets, due to marked differences in performance. Hong Kong remained top of the table thanks to an above average upswing, ahead of the United States which registered more moderate progress. France climbed to third place, ahead of Japan, where the downward trend was accentuated. Italy proved less dynamic than France, as did Germany, which lost its place to Singapore. In ninth position, China showed a strong improvement compared to December 2006. For 2007 as a whole, the ranking of the main markets holds no surprises. The United States ended the year in pole position with satisfactory growth despite a slight slowdown. Hong Kong confirmed its excellent health, while Japan finished the year in the red. Europe’s position was slightly above average with growth of 17.6%. Moving up one place compared to 2006, China came ninth thanks to a strong showing. Russia’s performance proved even more dynamic and saw the country become the twelfth largest market for Swiss watch exports.

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