Swarovski has announced a 6% increase in revenue over the past year, reaching €1.9 billion ($AUD 3.27 billion). The company saw notable improvement in the fourth quarter, with sales growing by 11%.
Jewelry sales were a key driver of this success, increasing by 9%, while the revenue from Swarovski’s Created Diamonds collection notably doubled year-on-year. For the first time in five years, the company reported a positive operating profit.
CEO Alexis Nasard expressed satisfaction with the results, especially given the challenging economic environment. He commented, “This strong and consistent results delivery further validates the potency of the ‘LUXignite’ strategy and Swarovski’s ability to execute with excellence.”
Nasard credited the achievements to the dedication of Swarovski’s employees and partners around the world, as well as the continued support of the company’s board and shareholders.
In addition to the positive financial results, Swarovski has recently launched a new jewelry collection in collaboration with award-winning singer Ariana Grande, marking another exciting step in its strategy to innovate and expand in the luxury market.
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