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Patek Philippe is looking forward to two-digit growth in turnover in 2004

After a 2003 monetary year set apart by antagonistic deals (SARS scourge and battle in Iraq specifically), Patek Philippe is anticipating two-digit development in turnover in 2004. “We are hopeful, however a fear based oppressor assault or international dangers can never be avoided, which prompts us to be marginally cautious,” said bunch President Philippe Stern during a meeting with L’Agefi.

According to the monetary day by day, the Genevan watch producer understands a yearly turnover of roughly 500 million francs, selling around 30,000 watches. The company has an all out labor force of 1,200 workers, with around 950 of this number situated in Geneva.

Despite a 15% expansion in dollar costs to counterbalance the fall of the US cash, bunch deals have not endured. In actuality, they have kept on advancing, said Stern.

Asked about the Patek Philippe technique, Philippe Stern said that the gathering would proceed on its current way, following a strategy of freedom and quality. To guarantee the company‚äôs future, he intends to lessen his info continuously, permitting his child to take on increasingly more administration obligation. The last at present involves the post of Vice-President. No firm flight date has yet been given in any case. There was no direness, said Philippe Stern.