Swiss stocks - Factors to watch on March 9
09/03/2017 06:37
ZURICH, March 9 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Thursday:
NESTLE NESN.S
Nestle is close to reaching a deal with Cuba on forming a
new joint venture to build a $50 million to $60 million factory
to produce coffee, biscuits and cooking products, company Vice
President Laurent Freixe said on Wednesday in Havana.
urn:newsml:reuters.com:*:nL5N1GL66V
COMPANY STATEMENTS CPR-CH
* Straumann STMN.S said it has signed two distribution
agreements to supply 3Shape dental scanner solutions and Rapid
Shape 3D-printers to dental practices and laboratories. STMN.S
* Schmolz & Bickenbach STLN.S said it is optimistic to
improve its results in 2017 after full-year revenues fell 13.6
percent on the back of a production stop in the third quarter.
STLN.S
* Meyer Burger MBTN.S said adjustments to conditions of
its 100 million Swiss franc convertible bond will become
effective March 17 after an approval decision by the High Court
of Canton Berne became final. MBTN.S
* Ascom Holding ASCN.S said it is targeting 3-6 percent
revenue growth and a 14-15 percent EBITDA margin for 2017.
Earnings before interest, tax, depreciation and amortisation
reached 41.7 million Swiss francs ($41.07 million) in 2016 with
a 13.9 percent margin. The group posted an overall 145.7 million
franc loss for the year due to its sale of the network testing
division. ASCN.S
* bfw liegenschaften BLIN.S is planning to buy back up to
10 percent of its shares for a maximum 24.4 million Swiss
francs. BLIN.S
* Swiss Finance & Property Investment SFPN.S proposed a
dividend increase to 3.60 francs after net profit rose to 14.5
million francs in 2016. SFPN.S
* Evolva EVE.S said it's receiving a $1 million milestone
payment after reaching a second technical way point in its R&D
partnership with Takasago. EVE.S
* Coltene Holding CLTN.S said full-year sales grew 4
percent, while net profit for 2016 rose 29.5 percent to 17.3
million francs. CLTN.S
* Cicor Technologies CICN.S returned to profitability in
2016 at 0.3 million francs. CICN.S
ECONOMY M-CH
* Swiss unemployment data CHJOBL=ECI due at 0645 GMT
($1 = 1.0154 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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