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SWGAF - The Swatch Group: Shifting Into A Higher Gear In The Post-COVID World
Swatch Group AG
The Swatch Group finished off a very weak 2020.
It was able to keep the damage limited: The small net loss was caused by a high tax bill while the cash flow statements indicate a small positive free cash flow.
Swatch seems to be quite optimistic about 2021, and while the performance should indeed be much better than last year's, I'm not going long just yet.