Published by Global Banking & Finance Review®
Posted on September 3, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleWatches of Switzerland anticipates strong first-half results, driven by US demand and stable UK markets, despite US tariff concerns.
(Reuters) -Watches of Switzerland said on Wednesday that it was on track to report fiscal first-half results in line with its expectations, helped by robust demand in the U.S., and a steady performance in the UK luxury watch and jewellery markets.
The group said it does not expect U.S. tariffs on Swiss watch imports to weigh on first-half results, adding that brand partners had already built up inventories, with Swiss watch exports jumping 45% in July from a year earlier.
Shares in Watches of Switzerland jumped about 11% in early trading.
The U.S., a leading buyer of Swiss watches, machinery, and chocolate, had announced a tariff rate of 31% for Switzerland in April as part of a broad push to reorder global trade, but increased the threatened tariff to 39% last month.
The company said performances in both the U.S. and the UK markets were encouraging and in line with its guidance for the year ending April 2026, provided in July 2025.
"The stability we saw in the UK luxury watch and jewellery markets during the second half of FY25 has continued, and we have delivered good year-on-year growth," the company added.
Watches of Switzerland also added that it would provide further updates to any impact from tariffs once more information was available.
(Reporting by Ankita Bora in Bengaluru; Editing by Rashmi Aich)
Watches of Switzerland is on track to report fiscal first-half results in line with its expectations, driven by strong demand in the U.S.
The company does not expect U.S. tariffs on Swiss watch imports to impact first-half results, as brand partners had already built up inventories.
Shares in Watches of Switzerland jumped about 11% in early trading following the announcement of their expected performance.
The company indicated that performances in both the U.S. and UK markets were encouraging and aligned with its guidance for the year ending April 2026.
Yes, the company stated it would provide further updates regarding any impact from tariffs once more information becomes available.
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