Swiss stocks - Factors to watch on July 20

Also Holding AG

20/07/2022 05:42

ZURICH/BERLIN, July 20(Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
    
    
    BARRY CALLEBAUT AG  BARN.S 
    The group expects a "notable financial impact" in its fourth
quarter from the ongoing shutdown of its Wieze chocolate factory
after strong chocolate demand boosted sales at the world's
biggest chocolate maker in the nine months to May. Sales volumes
grew 7.9% in the first nine months of Barry Callebaut's fiscal
year 2021/22, while sales revenue increased by 13.5% to 6.076
billion Swiss francs  BARN.S 
    
    COMPANY STATEMENTS
    * Also Holding AG  ALSN.S : H1 EBITDA 128 million euros
(+11.3%) ROCE 13.8%  ALSN.S 
    * Georg Fischer  GF.S : H1 sales up at CHF 1.97 billion,
organic growth 11.1%; H1 operating result up 26.9% to CHF 179
million, significant increase of EBIT margin to 9.1%  GF.S 
    * Dufry AG  DUFN.S : extends its duty-free and duty-paid
contracts at Belo Horizonte International Airport in Brazil
 DUFN.S 
    * Valora Holding AG  VALN.S : H1 net loss -5.4 mln CHF vs
-3.8 mln CHF loss yr ago  VALN.S 
    * Mikron Group  MIKN.S : reports a further improvement in
profitability
    
    ANALYSTS' VIEWS
    CLARIANT AG  CLN.S : CREDIT SUISSE CUTS TARGET PRICE TO CHF
17 FROM CHF 20
    JULIUS BAER GRUPPE AG  BAER.S : CREDIT SUISSE CUTS TARGET
PRICE TO CHF 61 FROM CHF 62 
    NOVARTIS AG  NOVN.S : JP MORGAN RAISES TARGET PRICE TO CHF
81 FROM CHF 80
    AUTONEUM HOLDING AG  AUTON.S : CREDIT SUISSE CUTS TO NEUTRAL
FROM OUTPERFORM; CUTS TARGET PRICE TO CHF 98 FROM CHF 186
    
    ECONOMY
    No major Swiss economic data scheduled

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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