date:Mar 26, 2020
ers visit the companys own shops. The biggest drivers for the retail business were Japan and Brazil.
Operating performance
The solid growth path of all subsidiaries once again laid the foundation for a strong operating performance. Excluding one-off effects, Group operating profit (EBIT) rose by +6 per cent to CHF 674.6 million.
This represents an EBIT margin of 15 percent (previous year: 14.8 percent). Net income increased by 5.1 percent to CHF 511.9 million, providing a return on sales of 11