CORRECTED – Swatch Group sees 2010 sales above 6 bln Sfr-paper

(Corrects chairman’s name to Nicolas from Nick)

* Swatch Group chairman said Jan, Feb sales rose 30 pct

* Expects growth momentum to ease in H2

ZURICH, March 19 (BestGrowthStock) – Swatch Group (UHR.VX: ), the
world’s largest watchmaker, is aiming for full-year sales of
more than 6 billion Swiss francs after seeing a 30 percent sales
jump in January and February, its chairman said in an interview.

The group had seen this trend continue in March, Nicolas
Hayek was quoted as saying in an interview with Swiss newspaper
Le Temps published on Friday.

But Hayek said this strong growth momentum was likely to
ease in the second half of the year once retailers have
replenished their stocks.

“Our sales in 2010 should be far above 6 billion Swiss
francs ($5.68 billion),” Hayek said.

Hayek also repeated that Swatch Group, best known for its
colourful plastic Swatch watches, had the firepower to buy a
brand, but he said the group was not actively seeking
acquisitions at the moment.

The group, which also owns top brands such as Breguet,
Blancpain and Omega, has already said it expects 2010 to be
record year for the group.

Watch executives hit a positive note on the first day of
Baselworld, the world’s largest watch and jewellery fair, and a
rise in Swiss watch exports for the second straight month added
to signs the Swiss watch industry is firmly on the mend.
[ID:nLDE62H10G]

Stock Market Trading

($1=1.056 Swiss Franc)
(Reporting by Katie Reid and Pascal Schmuck)

CORRECTED – Swatch Group sees 2010 sales above 6 bln Sfr-paper