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There were exceptions, however. A. Lange & Sohne and Panerai had "notable growth" last year, the company said. They were the only watch brands to receive shout-outs in Rupert's Chairman's Commentary link that accompanies the financial results announcement. "Panerai with its new Submersible Carbotech and A. Lange & Sohne with the link Lange 1 Anniversary editions generated good growth," link Rupert wrote.