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Audemars Piguet is now placed as Switzerland’s fourth biggest brand, behind industry leader Rolex (turnover CHF 8.05bn), Cartier in second (CHF 2.39bn and Omega in third (CHF 2.2bn). Patek Philippe has slipped .
The report – compiled by investment bank Morgan Stanley and Genevan . Audemars Piguet UK continued its stellar growth story over the past decade in . Audemars Piguet overtook rival Swiss watchmaker Patek Philippe by revenue for .
Audemars Piguet is now placed as Switzerland’s fourth biggest brand, behind industry leader Rolex (turnover CHF 8.05bn), Cartier in second (CHF 2.39bn and Omega in third (CHF 2.2bn). Patek Philippe has slipped from 5th in 2019 to sixth in 2021. The report – compiled by investment bank Morgan Stanley and Genevan consultancy, LuxeConsult - estimates that Audemars Piguet turned over CHF 1.58B (approximately .7B USD) in 2020. Audemars Piguet UK continued its stellar growth story over the past decade in 2023 with sales rising by 23% to £72.1 million. Operating profit rose even faster, by 33% to £3.3 million for the financial year that ended in December.
Audemars Piguet overtook rival Swiss watchmaker Patek Philippe by revenue for the first time while industry giant Rolex SA racked up its best year ever, according to a report on the Swiss watch. Rolex, Audemars Piguet and Patek combined accounted for 41 per cent of the Swiss watches sold in 2021, up from 37 per cent in 2019, the report estimated. the report says that the distribution of margins has become more polarized than that of turnover with the top four brands – rolex, audemars piguet, patek philippe, and richard mille –. Top Swiss brands including Rolex, Patek Philippe and Audemars Piguet have undergone an about-face after soaring to unprecedented levels on the secondary market in early 2022, when stuck-at-home.
Audemars Piguet has almost doubled its sales in the UK since before the pandemic, with turnover touching £63 million in 2022. But the watchmaker is still three times smaller than Patek Philippe, which notched sales of £187 million for .The business reported a turnover of £30.5m for the year to March 31, 2024, up from £16.8m. The firm’s pre-tax profits also surged from £222,000 to £3.9m. Audemars Piguet will make at least 50,000 watches this year, according to its chief executive François-Henry Bennahmias, and is building the infrastructure to increase this to around 70,000, which would be more than Patek Philippe produces.
Audemars Piguet is now placed as Switzerland’s fourth biggest brand, behind industry leader Rolex (turnover CHF 8.05bn), Cartier in second (CHF 2.39bn and Omega in third (CHF 2.2bn). Patek Philippe has slipped from 5th in 2019 to sixth in 2021.
The report – compiled by investment bank Morgan Stanley and Genevan consultancy, LuxeConsult - estimates that Audemars Piguet turned over CHF 1.58B (approximately .7B USD) in 2020.
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Audemars Piguet UK continued its stellar growth story over the past decade in 2023 with sales rising by 23% to £72.1 million. Operating profit rose even faster, by 33% to £3.3 million for the financial year that ended in December.
Audemars Piguet overtook rival Swiss watchmaker Patek Philippe by revenue for the first time while industry giant Rolex SA racked up its best year ever, according to a report on the Swiss watch. Rolex, Audemars Piguet and Patek combined accounted for 41 per cent of the Swiss watches sold in 2021, up from 37 per cent in 2019, the report estimated. the report says that the distribution of margins has become more polarized than that of turnover with the top four brands – rolex, audemars piguet, patek philippe, and richard mille –.
Top Swiss brands including Rolex, Patek Philippe and Audemars Piguet have undergone an about-face after soaring to unprecedented levels on the secondary market in early 2022, when stuck-at-home. Audemars Piguet has almost doubled its sales in the UK since before the pandemic, with turnover touching £63 million in 2022. But the watchmaker is still three times smaller than Patek Philippe, which notched sales of £187 million for .
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The business reported a turnover of £30.5m for the year to March 31, 2024, up from £16.8m. The firm’s pre-tax profits also surged from £222,000 to £3.9m.
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Audemars Piguet watch sales
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