Company Movado Group Inc.
Country Switzerland
Email service@concord.ch
Telephone n.a.
Market Segment Luxury
Core Business Watches

Concord Financial Report 2018

 
 

Movado Group Inc. Financial Report

Income Statement Trend

Total Revenue

It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income.

Operating Margin

Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.

Net Profitability

It's a measure of a company's overall profitability, i.e. how much of its sales are converting to profit. The value given is the amount of sales needed to generate one currency unit of post tax profit. Negative values mean that the company has a negative level of post tax profit. The figure is about the latest fiscal year available.

Profit Ratio

It's a key measure of success. The profit ratio measures the amount of profit generated by each single currency unit of sales. The figure is about the latest fiscal year available.

Income Statement Highlights

in Millions of USD20172016Δ
2017/2016
2015Δ
2016/2015
2014Δ
2015/2014
CAGR
Total Revenue        
Cost of Sales        
Gross Profit        
Operating Income        
Net Income        

Balance Sheet Highlights

in Millions of USD20172016Δ
2017/2016
2015Δ
2016/2015
2014Δ
2015/2014
CAGR
Current Assets        
Total Assets        
Current Liabilities        
Equity        

Official Websites

Concord website
Concord ecommerce

Brand doesn't have an official ecommerce

Official Social Media

Brand Description

Establishment

Year
1908
City
Biel
Country
Switzerland

Founder

n.a.

Designer

Team of designers

Profile

Founded in 1908 in Biel, Switzerland the brand was created to design watches with the American market in mind. Concord has made several innovations in its history such as being one of the first “private label” luxury watches to incorporate precious metals and gems in its watches. It was also the first company to make a wristwatch made of coins.
In 1979 it had a major breakthrough with the invention of the Delirium Watch which was the thinnest watch ever made at the time at 1.98 mm thick. Subsequently a Delirium 2 was released which was even thinner at 1.5 mm.
In 2007 the company made a drastic change in its vision. It closed most of its existing dealerships as sluggish sales and lack of a specific market created a huge grey market that hurt the company’s reputation. The launch of the C1 was highly touted and targeted the ever popular luxury sport market. The style and pricing were designed to compete with watches such as Panerai, Audemars Piguet and Hublot. With only a couple hundred dealers worldwide Concord was hoping for a grand relaunch into the Luxury sector. In 2008 Concord created two new C1 pieces. The C1 worldtimer and the C1 Gravity Tourbillion. The later won the prestigious “Grand Prix d’Horlogerie de Geneve” as “Best design of the year 2008”. Whether this success will lead to ultimate success remains to be seen.
In 2009, Alex Grinberg was appointed as the worldwide CEO of Concord.

Business Strategy

Market Positioning

Luxury

Core Business

Watches

Target

Men
Women

Product Categories

Watches
 

Movado Group Inc. profile

Name Movado Group Inc.
Website movadogroup.com/
Country United States
VAT Number n.a.
Telephone +1 201 267 8000
Fax n.a.
Date of foundation 1961
Type of Company Listed

Headquarters

650 From Rd., Ste. 375 Paramus, NJ 07652-3556

Ownership (Top Shareholders)

Movado Group Inc. doesn't provide the information on its shareholders.

Movado Group Inc. Brands

 

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