The Swatch Group AG (SWGAY)

The Swatch Group AG Income Statement

Financials in millions CHF. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	7,888	7,499	7,313	5,595	8,243
Revenue Growth (YoY)	5.19%	2.54%	30.71%	-32.12%	-2.74%
Cost of Revenue	4,117	1,629	1,775	1,542	1,900
Gross Profit	3,771	5,870	5,538	4,053	6,343
Selling, General & Admin	2,716	1,082	1,006	790	1,245
Research & Development	275	246	245	223	251
Other Operating Expenses	136	3,630	3,511	3,211	4,075
Operating Expenses	2,580	4,712	4,517	4,001	5,320
Operating Income	1,191	1,158	1,021	36	1,023
Interest Income	41	26	15	17	21
Interest Expense	4	3	5	3	8
Other Expense / Income	97	101	29	14	50
Pretax Income	1,153	1,096	1,011	36	1,004
Income Tax	262	273	237	89	256
Net Income	869	807	765	-53	730
Net Income Growth	7.68%	5.49%	-	-	-13.61%
Shares Outstanding (Basic)	52	52	52	52	51
Shares Outstanding (Diluted)	52	52	52	52	52
Shares Change	0.07%	0.08%	0.20%	0.33%	-99.02%
EPS (Basic)	16.76	15.57	14.77	-1.03	14.17
EPS (Diluted)	16.75	15.56	14.76	-1.03	14.16
EPS Growth	7.65%	5.42%	-	-	8750.00%
Free Cash Flow	-188	337	1,003	570	778
Free Cash Flow Per Share	-3.62	6.50	19.36	11.02	15.10
Gross Margin	47.81%	78.28%	75.73%	72.44%	76.95%
Operating Margin	15.10%	15.44%	13.96%	0.64%	12.41%
Profit Margin	11.02%	10.76%	10.46%	-0.95%	8.86%
Free Cash Flow Margin	-2.38%	4.49%	13.72%	10.19%	9.44%
Effective Tax Rate	22.72%	24.91%	23.44%	247.22%	25.50%
EBITDA	1,581	1,529	1,442	499	1,474
EBITDA Margin	20.04%	20.39%	19.72%	8.92%	17.88%
Depreciation & Amortization	390	406	437	463	481
EBIT	1,191	1,123	1,005	36	993
EBIT Margin	15.10%	14.98%	13.74%	0.64%	12.05%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.