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Swarovski achieves first operating profit in 5 years

Swarovski’s revenue increased 6% YoY to 1.906 billion euros ($2 billion) in the year ending December 31, with like-for-like sales rising 8%. Europe and the Americas saw notable growth of 11% and 10% respectively, while Asia posted a 3% increase. Jewelry sales grew 9%, outperforming the broader market, and lab-grown diamond sales more than doubled. EBITDA rose by double digits, and the company achieved its first positive operating profit in five years. CEO Alexis Nasard credited the results to Swarovski’s transformation strategy, Luxignite, and emphasized continued focus on creativity, investments, and financial discipline amid ongoing market instability.

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