NOMOS outperforms Swiss rivals with 24% sales growth in 2017

NOMOS_Infographic_Annual_Report

NOMOS Glashütte ended 2016 with worldwide sales up 24%, the most successful year in the company’s history, according to a financial statement released today.

The growth is particularly notable in a year when exports of Swiss watches have dropped by 10.4% in the 11 months to November.

“The fact that things are going so well for us in times like these makes us doubly delighted,” says NOMOS CEO Uwe Ahrendt.

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NOMOS says it now produces more mechanical watches in Germany than any other company. Production was boosted in 2016 by a collection of 15 high-end automatic watches using the in-house built, ultra-thin caliber DUW 3001.

The continuing growth prompted NOMOS to break ground on a new production site in Schlottwitz, a district of Glashütte last year. This will be joined by an even larger facility that is planned for the center of Glashütte as the workforce expands beyond the current team of 300.

NOMOS Glashütte sells in over 50 countries worldwide. While Germany remains its core market, the demand for the brand’s watches is enjoying strong growth internationally. The company also had a robust performance in 2016 in the Asian markets, in Great Britain, and the USA, which became the second largest market last year.

2017 is the 25th anniversary of classic NOMOS  models, Tangente, Ludwig, Orion, and Tetra, which are likely to feature in this year’s collections that launch at Baselworld.

“We want to continue our healthy growth,” says Mr Ahrendt. “But above all else, we will just keep on producing the best and most beautiful watches.”

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