Swiss stocks - Factors to watch on July 21
21/07/2022 05:38
ZURICH/BERLIN, July 21 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
GIVAUDAN SA GIVN.S
Givaudan confirmed its mid-term targets on Thursday after
organic sales grew 6.2% in the first half of the year, helped by
strong demand for flavours and improving sales of perfumes as
airport travel recovers. urn:newsml:reuters.com:*:nFWN2Z175F
ABB ABBN.S
ABB reported a 50% drop in shareholders' profit during its
second quarter as the Swiss engineering and technology company
took hefty charges from exiting fringe businesses and its
decision to quit Russia following the war in Ukraine.
Separately on Wednesday, the Swiss engineering and
technology company said it will spin off its turbocharging
business to its shareholders with the aim of listing it on the
SIX Swiss Stock Exchange in October. urn:newsml:reuters.com:*:nL1N2Z11IY
RICHEMONT CFR.S
Bluebell Capital Partners wants Swiss luxury goods group
Richemont to concentrate on jewellery and watches, the activist
fund manager told Reuters on Wednesday, saying such a move could
double its share price in the medium term. urn:newsml:reuters.com:*:nL8N2Z14ZD
EXPECTED RESULTS
ABB LTD ABB releases its second quarter results ABB .
ROCHE HOLDING AG ROG.S releases its half-year results
ROG.S .
TEMENOS AG TEMN.S releases its second quarter results
TEMN.S
COMPANY STATEMENTS
*Aryzta Euro Finance ARYN.S says it would repurchase 50
million euros in principal amount of notes in aggregate.
ARYN.S
*Bystronic AG BYS.S said sales rose 2.8% in H1 2022.
BYS.S
*Cembra MOney Bank AG CMBN.S said H1 revenue was up at
250 million Swiss francs. CMBN.S
* EFG International EFGN.S said its board nominated
Alexander Classen as its new chair to replace Peter Fanconi who
has decided to step down as of Oct 31 for personal reasons.
EFGN.S
* Leonteq LEON.S said it was confident to achieve
profitable growth and targets record group net profit for
full-year 2022 after group net profit increased by 59% in the
first half. LEON.S
ANALYSTS' VIEWS
RIETER HOLDING AG RIEN.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 121 FROM CHF 149
ECONOMY
Swiss June M3 due at 0700 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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