Swarovski expects its turnover from crystal sales to be around EUR 1.92 BN in 2007 and to reach the EUR 3.0 BN mark by 2012, CEO Markus Langes-Swarovski said November 2007. Overall, turnover for 2007 is seen as registering double-digit percentage growth compared to the EUR 2.3 BN level for 2006. The turnover of abrasive tool manufacturing subsidiary Tyrolit is projected at EUR 548M and of Swarovski Optik at EUR 87M. Swarovski's workforce has reached a new high of 22,000 worldwide, including 16,800 in the crystal division. In 2007, the company invested around EUR 130M at its headquarters in the Austrian province of Tyrol, where the company employs 8,600. Commenting on talk of an initial public offering, Mr Langes-Swarovski said that the company is a family-owned firm, and will remain so.
