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Ulysse Nardin Sees 2013 Sales Rising Less Than 10%, Temps Says 2013-12-12 07:47:45.312 GMT
By Thomas Mulier Dec. 12 (Bloomberg) -- CEO Patrik Hoffmann “cautiously optimistic” and expects “single-digit” percentage gain in sales this yr, Le Temps reports. * Watchmaker exceeded targets this yr, Hoffmann tells Temps in interview * “We’re satisfied, even if the situation has become more complicated. Everything has become harder” * Co. has 460 employees, boosted staff 10% in 2013 * Nardin, which depends on Swatch ETA components for 40% of production, plans to reach total independence as it makes more mechanisms * 25% of sales from Americas, 25% in Europe and Mideast, 25% from Asia and 25% from Russia and former Soviet republics * Brand makes about 25,000 watches a year, sold for CHF7,000 and up, and has capacity to produce about 30,000 * Annual sales exceed CHF200m, analysts estimate: closely held co. doesn’t report figures: Temps
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To contact the reporter on this story: Thomas Mulier in Geneva at +41-22-317-9201 or tmulier@bloomberg.net
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