How Breitling saved CHF 300K annually through Adda's monitoring and tendering

FMCG

How Breitling saved CHF 300K annually through Adda's monitoring and tendering

300,000

CHF Annual Saving

44%

Execution Cost Improvement

About

Breitling has been at the forefront of Swiss chronometery since it was founded in 1881. As a brand, they have become synonymous with elegance and style. Breitling has 290 stores worldwide acorss every continent other than Antarctica and, as a result, has currency exposure across the globe. Breitling do well in excess of 500 FX transactions annually and more than CHF 300m. As a result, it is absolutely vital that they have visibility on the charges that are embedded in these transactions.

Industry

FMCG

Company size

1,000 - 2,000 employees

Founded

1884

Share

The Company

A world-renowned watch maker

Breitling do well in excess of 500 FX transactions annually and more than CHF 900m. As a result, it is absolutely vital that they have visibility on the charges that are embedded in these transactions.

The challenge

Inefficient cost management

Before engaging with Adda Analytics, Breitling faced significant challenges in managing its foreign exchange (FX) transactions. The company worked with multiple counterparties and managed an annual FX volume exceeding 300 million CHF as well using derivative products such as forward and swap contracts.

However, there was little to no transparency regarding margin spreads, making it difficult to assess or optimize pricing. This lack of visibility led to inefficiencies and inconsistent execution costs, with a weighted average spread of approximately 12 basis points. Without clear data or monitoring tools, Breitling’s treasury team struggled to evaluate transaction competitiveness and identify potential cost-saving opportunities in their FX operations.

The Solution

Modern infrastructure

After partnering with Adda Analytics, Breitling gained complete visibility into its FX transactions through advanced data analytics and monitoring tools. The solution provided transparency across spot and derivative pricing, enabling the treasury team to benchmark and negotiate more effectively with counterparties.

This data-driven approach reduced the weighted average spread from around 12 basis points to approximately 4.4 basis points, delivering a 1.5 to 5 bps improvement. The enhanced execution efficiency translated into annual savings of over 300,000 CHF. With continuous performance tracking and reporting, Breitling achieved sustainable cost reductions and greater confidence in their FX hedging decisions.

The Results

Data-driven transparency & optimisation

The outcome was a 44% spread improvement - equivalent to a 5 bps reduction and a forecasted annual saving of over 300,000 CHF. With ongoing monitoring through Adda’s platform, Breitling now maintains complete visibility over FX execution quality, ensuring sustained efficiency, accountability, and value across its global treasury operations.

Key outcomes include: