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Nick Hayek, has earned more than in the previous year

The chief of Swatch Group , Nick Hayek , earned 2018, more than in 2017. The higher remuneration does not come as a surprise, finally, the Watch company has grown in the past year and was able to increase the profit. The end of the year has slowed down the growth.

Hayek has received in the last year of 7.26 million Swiss francs after earlier 6,97 million, as published on Thursday in the annual report. The main components of the Salary, a base compensation in the amount of 1.5 million, a Bonus of 3.1 million, and stock options in the amount of 2 million Swiss francs. Also receives Hayek for his Board membership of 168'000 CHF.

His sister Nayla, the Chairman of the Board of Directors, was compensated for her work with 4.65 million Swiss francs, after you had received in 2017, a salary in the amount of 4.38 million. For the entire business line Swatch paid a total of 37.2 million on salaries, compared with 33.5 million in the previous year.

The year 2018, had started for the Swatch Group, well, the end of the year, it also lost the business, however, a considerable amount of momentum. Nevertheless, sales increased by 6.1 percent to 8.48 billion Swiss francs, operating profit rose by 15 percent to 1.15 billion, and net profit nearly 15 percent to 867 million, as Swatch is already the end of January had been notified.

to The shareholders, the group wants to pay again more money: Per bearer share, a dividend of 8.00 Swiss francs ( 50 cents) and per registered share to be paid to 1.60 francs ( 10 cents). After a weak month of December, the launch was a success in the new year, held on the Swatch to view. In January, the group had grown compared with the very good prior-year month.

(fal/sda)

Created: 14.03.2019, 08:45 PM

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