TAG HEUER 9–MONTH NET UP 9.8%
NEUCHATEL, Switzerland — Tag Heuer International SA said consolidated net sales for the nine months ended Sept. 30 rose 9.8 percent to $249 million (318.7 million Swiss francs).
Operating income for the period was 21.9 percent of sales, against 22.8 percent for the six months ended June 30.
The company said it is “confident” that it now has a solid financial position that will allow it to achieve continued growth in net sales and income.
Tag Heuer completed an initial public offering in September at $19.95 an American depositary share, representing one-tenth of a common share. The ADS closed Friday at 14 7/8, down 3/4.