Higher dividends - New group name - New Swatch responsible

Biel / Bienne (Switzerland), 19 February 1998 - At yesterday`s meeting, the Board of Directors of the SWATCH GROUP Ltd, Biel (Switzerland) was duly notified of the provisional 1997 results for the SWATCH GROUP. 1. The group`s operations have developed as follows: Net income (+ 17%) was unable to match the rise in operating profit (+53,6…