Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  The Swatch Group SA    UHR   CH0012255151

THE SWATCH GROUP SA

(UHR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Coronavirus Worries Keep Global Firms Away From Trade Shows

share with twitter share with LinkedIn share with facebook
share via e-mail
02/11/2020 | 03:58pm EDT

By Sarah Krouse and Elizabeth Koh

Fears over the fast-spreading coronavirus are prompting global companies to cancel plans for major industry gatherings, as executives weigh the risks and rewards of sending employees to conferences that draw attendees from around the world.

A growing roster of telecommunications and technology companies have decided not to attend the MWC Barcelona conference slated for later this month. AT&T Inc., Amazon.com Inc., Cisco Systems Inc., Intel Corp. and Sony Corp. are among the latest that have said they won't send company delegates to the annual gathering, which draws more than 100,000 people.

The Singapore Airshow, a biennial aerospace gathering that typically hosts top executives from major plane makers and suppliers, opened this week with muted attendance because of virus concerns. Boeing Co. scaled back its presence and defense contractors Lockheed Martin Corp. and Raytheon Co. skipped the gathering.

And watchmaker Swatch Group AG has canceled plans for an annual trade event in Zurich in early March, which it uses to present new luxury-watch models. It will host regional events instead.

Scientists and public-health officials globally are racing to learn more about the virus, which has become an epidemic in China that has infected more than 42,000 people, killed more than 1,000 and overwhelmed hospitals in the country.

The Barcelona trade show, previously known as Mobile World Congress, is typically an opportunity for carriers, equipment makers and government officials globally to meet their foreign counterparts and showcase their latest devices and technology. This year's event, which is scheduled to begin Feb. 24, comes as carriers around the world race to roll out faster 5G networks.

Ericsson AB of Sweden said Friday it was withdrawing from the event and LG Electronics of South Korea last week was among the first to say it wouldn't send representatives, to prevent "needlessly exposing hundreds of LG employees to international travel."

Show attendees typically pack a sprawling Barcelona convention center speckled with booths bearing the logos of telecommunications and equipment giants. Last year's conference was dominated by China's Huawei Technologies Co., with a sizable booth on the exhibition floor. Huawei's lotus logo also has adorned attendee name-tag lanyards in recent years.

The event's organizer, mobile-carrier trade group GSMA, said Sunday that visitors from China would have to prove via passport stamp or a health certificate that they have been outside of the country for 14 days. GSMA also said last week that it was important to convene industry members and global policy makers "at this critical time where connectivity is on the cusp of a new industrial revolution."

The industry group said it will provide temperature screening and disinfectant stations. Some attendees plan to arrive early in Spain to allow time to self-quarantine and replace staff from high-risk locations with employees from Europe, it added.

Qualcomm Inc., Nokia Corp. and Samsung Electronics Co. said they are still considering whether to attend.

Samsung, which launched the next models of its flagship Galaxy devices in San Francisco on Tuesday, had already intended to limit its presence at the Barcelona event. At its own event, Samsung had signs urging attendees to reduce their risk of coronavirus infection and cautioning that medical screenings would be conducted. Several people at the event accepted masks that were provided near the entrance.

A spokesman for Samsung said the company is continuing to monitor the situation to determine the extent of its participation in Barcelona and likely to reach a final verdict around the end of the week. It hasn't implemented companywide operating changes, but some individual facilities are limiting visitors' access and taking other precautions.

InterDigital Inc, a mobile and video technology research-and-development company, and Amdocs Ltd., a provider of software and services to communications and media companies, said earlier this week that their employees wouldn't attend MWC.

--Cristina Roca and Robert Wall contributed to this article.

Write to Sarah Krouse at sarah.krouse@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 4.77% 2014.52 Delayed Quote.8.10%
AMDOCS LIMITED 5.45% 58.82 Delayed Quote.-20.70%
AT&T INC. 7.21% 30.9 Delayed Quote.-24.67%
BOEING COMPANY (THE) 6.34% 159 Delayed Quote.-61.78%
CISCO SYSTEMS, INC. 6.07% 42.0199 Delayed Quote.-13.62%
ERICSSON AB -0.30% 79.5 Delayed Quote.-3.90%
INTEL CORPORATION 7.94% 59.28 Delayed Quote.-2.34%
LOCKHEED MARTIN CORPORATION 4.98% 375.8 Delayed Quote.-5.50%
NOKIA OYJ 2.91% 2.9785 Delayed Quote.-16.35%
QUALCOMM, INC. 2.79% 72.3 Delayed Quote.-19.59%
RAYTHEON -4.47% 116.96 Delayed Quote.0.00%
SONY CORPORATION -0.98% 6260 End-of-day quote.-1.48%
THE SWATCH GROUP SA 6.49% 206.8 Delayed Quote.-32.46%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on THE SWATCH GROUP SA
04/01Swiss manufacturing PMI sinks to lowest level since 2009 on coronavirus fears
RE
04/01Swiss manufacturing PMI sinks to lowest level since 2009 on coronavirus fears
RE
03/19SWATCH : faces standstill in Europe, U.S., but China improves
RE
03/16THE SWATCH GROUP SA : annual earnings release
03/08APPLE : Swatch Group CEO sees 'massive' temporary hit in China from coronavirus
RE
02/27COMPAGNIE FINANCIERE RICHEMONT : Geneva watch fair cancelled due to coronavirus
RE
02/19GERMAN SPORT-GOODS BRANDS : Coronavirus Has Struck a Hard Blow to China Activity
DJ
02/12Companies feel impact of coronavirus outbreak in China
RE
02/11Coronavirus Worries Keep Global Firms Away From Trade Shows
DJ
02/07Sparkle fades as coronavirus risks wiping out luxury goods growth
RE
More news
Financials (CHF)
Sales 2020 7 136 M
EBIT 2020 676 M
Net income 2020 518 M
Finance 2020 511 M
Yield 2020 3,74%
P/E ratio 2020 17,8x
P/E ratio 2021 12,7x
EV / Sales2020 1,23x
EV / Sales2021 1,10x
Capitalization 9 305 M
Chart THE SWATCH GROUP SA
Duration : Period :
The Swatch Group SA Technical Analysis Chart | UHR | CH0012255151 | MarketScreener
Technical analysis trends THE SWATCH GROUP SA
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 221,50  CHF
Last Close Price 182,35  CHF
Spread / Highest target 81,0%
Spread / Average Target 21,5%
Spread / Lowest Target -21,0%
EPS Revisions
Managers
NameTitle
Georges Nicolas Hayek Chairman-Management Board & Director
Nayla Hayek Chairman
Thierry Kenel Chief Financial Officer
Calogero Polizzi Head-Information Technology
Ernst Tanner Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
THE SWATCH GROUP SA-32.46%10 291
LVMH MOËT HENNESSY - LOUIS VUITTON SE-17.97%187 320
HERMÈS INTERNATIONAL-9.22%72 006
ESSILORLUXOTTICA-22.50%47 174
COMPAGNIE FINANCIÈRE RICHEMONT SA-31.08%31 103
LULULEMON ATHLETICA INC.-15.85%24 673