ZURICH (AFX) - Swatch Group AG chairman Nicolas Hayek expects group sales to increase by 1.5 times within three years, equalling sales of around 7 bln sfr, up from 4.497 bln sfr in 2005.
In three years, the group will be 1.5 times bigger than today, Hayek told Swiss bi-weekly Finanz- und Wirtschaft in an interview published Saturday.
'We are No 1 in the watchmaker industry and want to remain there, Hayek added.
Swatch produces brands such as Omega, Swatch, Breguet, Tissot and Radot. afx.zurich@afxnews.com ckj/vs/vs COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited