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Dow Jones Newswires: Swatch forecasts a record year in 2023, spurred by China reopening

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Dow Jones Newswires


Airport chief Engelbret Luetke Daldrup shows off his new special edition time piece displaying the new opening year at a Swatch shop in terminal 1 at the “Berlin Brandenburg Airport Willy Brandt” in Schoenefeld, south-east of Berlin, on November 6, 2020.


odd andersen/Agence France-Presse/Getty Images

Swatch Group AG said Tuesday that it expects to achieve a record year in 2023 in light of China’s reopening, as it posted higher sales and net profit for last year.

The Swiss watchmakerCH:UHR said net profit for 2022 stood at 807 million Swiss francs ($875.5 million) compared with CHF765 million in 2021.

Net sales for the year rose to CHF7.5…

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